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To: hubris33 who wrote (51)5/17/2006 9:56:23 AM
From: chowder  Read Replies (1) | Respond to of 95
 
I liked the 2 day pattern for CCJ.

The first candle was a hammer into a rising 50 day moving average. That by itself wasn't enough to catch my attention. What confirmed the reversal for me was the wide range, high volume candle that formed yesterday. It showed that demand was picking up.

It is a good reward to risk play since price is so close to support. If support breaks down, you are out with minimal losses.

I forgot about this message board.

dabum