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Does anybody know why Al didn't mark a sell below bar 3 yesterday?
Small gap down, then a very strong outside down bear bar bouncing off the MA. Surely there would be at least a small second leg down? (And there was)
The gaps was small, and I thought this would qualify for "above-average bearishness"? Plus bears did have a chance to sell at around the average price, and as can be seen they sold quite aggressively there.
I would not sell at the bottom of an OIO TTR. Al waited for the second entry LHDT at the top of the range at the EMA to sell.
PB, Andrew,
My take at it (attached) ... could be wrong
I'd say we pretty much agree.
