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Thanks bigmoose - good point. Attached is a chart of EZPW with annotations regarding points made in my earlier post. I have only included price and volume panes for clarity. Rick

Adrian: Glad my thoughts were helpful. I edited my original post to add some other observations on EZPW - don't know if you saw those since they weren't contained in my quote in your response. You probably noticed the same type of action (price testing and slightly penetrating previous...

Referring to the daily time frame this is called a "spring" or "bag-holding" in Wyckoff terms. Note the bar on 8/10 set a support level of ~$34 and this level was then tested during the next few days on lower volume before the rally to the Sept high. This morning price dropped slightly below...