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Genting Betting on 200 Moving Averages
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E-war
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19-May-2010 14:42
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A new thread on Genting? Why not use the old one dude? |
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tact888
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19-May-2010 13:52
Yells: "Learn a life-changing skill and empower yourself. tactcharts" |
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Bears are using the red 200SMA resistance as a defensive barrier to keep the Bulls from advancing further up. A breakout above this resistance will probably propel price upwards within the blue channel. Bulls have established support at the blue 200EMA. A breakdown here will probably see a drop and downward slide within the red channel. Time is running out for contra and margin players. Stay alert and be nimble as show hand time approaches. View chart at http://tactcharts.blogspot.com/2010/05/genting-betting-on-200-moving-averages.html |
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