Profitable Ideas Each Market Day
LAST UPDATE:05/19/13 08:24 AM ET
US auto manufacturers have gotten their groove back after a first quarter correction. Ford (F) broke out above the January high at 14.25 last week and rallied to a 2-year high. Its uptrend could eventually reach the 2011 peak near 19.50. General Motors (GM) also hit a 2-year high and is closing in on its IPO print at 35.30. The all time high near 40 could come into play this summer.
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|Price moving against a strong trend rebounds sharply|
How Should You Trade The 7-Bells?
|High volume events print the future direction of price|
|Constricted price gives way to directional movement|
|Gap downs after strong rallies signal a trend change|
|Candles flag reversals in the next smaller time frame|
|Weak markets drop fast after rallying into resistance|
|Breakouts through a triple top signal major uptrends|
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