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Wang's Happy Trading Daily Posts

Wednesday, April 18, 2007

TSO Sliding...

Yesterday, I mentioned that it might be time to start betting against TSO, and starting getting 1/2 the short position that you might have had in mind to get into. Now, it might be time to add the other half.
TSO is now under its 10-day MA.
The intraday chart shows that it is sliding on the hourly bottom MA, and the MACD is still not flattening!

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