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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Tue Jan 25, 2005 6:33 pm Post subject: OIH Chart |
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OIH has generally made higher highs and higher lows. However, volume and money flow don't support the bullish uptrend. OIH created a gap below 85 (also an island reversal). Each time OIH rallied to about 89, it was turned away. So, I expect OIH to trade between the low 80s and high 80s short-term (also, there is a great deal of intraday volatility).
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