Thursday, July 29, 2010

This is why we wait

Remember just a post or two back when I mentioned that RGR might be setting up for a buy or uptrend? Well today that all came to screeching halt when the price bar closed below the last higher pivot low. This violated the rules, so basically we put her on the back burner and wait until she starts a new trend. Without confirmation, you are taking a risk.

rgr

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