Friday, January 24, 2014

GY-- SUPPLY

Looks like a Big Player Dumped a lot of GY today Highest Volume Since 8/15...  Maybe Even three weeks of Distribution Behind us...
Since on the weekly GY has only achieved 38%(168.33 S/R will probably fail big Sunday/Monday)
The weekly candle 12/1-- low of 165.85-- could provide new supply

(Harmonic traders that missed the drop will try buying at 166.56- they may find themselves selling when that gives way-- only adding to the downward momentum...

This opens the door (FINALLY) for some Correctional Plays  Real areas of interest are

162.25
159.97
152.4-123.15