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Online Share Trading

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done the retracement .....technically interesting

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MSM had done perfect 61.8% retracement from its highs and is trying to go higher.....we have seen some tentative moves and I see the price action testing the waters for rally...if we take out 71.50 on the close and on good volume we could have a rally to 8480 on our hands....msm is a classic case of a counter being discounted as part of a subindex
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platsak
Super Contributor
Chartist Being the Gap trader. Please explain the Gap principals applicable to this share this morning.
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runaway gap....very bullish....thats all
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platsak
Super Contributor
Can one calculate any specific ranges from the gap that formed. Or is the Gap just like a momentum indicator up or down.
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nah...dont complicate things too much...
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grandmaster
Frequent Contributor
Also buying SHF.What's your take on this one Chartist?
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duke_vest
Frequent Contributor
chartist, i'm pretty new to the stock exchange, but it seems you are running for the next warren buffet
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closed at 71.50 on the dot....a convincing close above would have been better....
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grandmaster
Frequent Contributor
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Wumpus
Frequent Contributor
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grandmaster
Frequent Contributor
It's amazing how investors are writing off retailers-WHL,MSM etc.God I love these times.
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