Radar – CclRcl100

April 7, 2011
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Quick look at CclRcl100 pre-market…

– Pair trading lower .40-.50, >50%ATR.  Looking at premarket buy entry for OPG trade.

– However, for intermediate term position, would be seller.  Pair is very overbought into resistance (note OBOS oscillator at levels where recent intermediate term highs have been made), and current channel wave structure clearly corrective.  Looking to short the pair -1.8 to -1.5.

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