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mgv
Mar 3, 2015 6:04 PM

XLB updated  

Materials Select Sector SPDRArca

Description

Using Donchian Channel boundaries for stop loss and entries. The trajectory still appears to be downward, but the lower channel boundary is the level of the recent March 2 opening candle shadow (inventory reversal) - usually when it goes lower than this level, it's a strong entry, provided the indicators aren't too oversold.
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