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Monday, October 10, 2011

YM, ES, NQ & TF still gapping above "thin ice"

It seems like the only way that the YM, ES, NQ & TF can advance within their large trading range from the infamous August 8th level, is to gap up within the vicinity of that level...case in point is the gap up (once again) on the open today...doesn't make for a terribly convincing argument to support a decent continued advancement above this "thin ice" zone.