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ATTBF — Its 1.50 pullback – If, Then… Market Timing

ATTBF — Its 1.50 pullback

By Rod David | March 26, 2014 - 10:14 am

ATTBF — Its 1.50 pullback objective has been a long time coming, but it was tested at this morning”s open. That might be the end of it, but I”m going to watch for its retest to consider buying. Meanwhile, I don”t mind missing it and paying up for any nominal assurance that a recovery is underway. Closing today above 1.75 would confirm momentum has reversed back up.
STEV — Didn”t mention in today”s video. Perhaps the “watched pot not boiling” principle is at work, or its inverse, because it is probing Monday”s high on expanding volume. That was the breakout”s confirmation, so there is no bullish excuse not to extend higher intraday.

Posted in Bigger Picture