Gap up, micro double bottom, small pullback bull trend day, failed bull breakout of bull channel

• Thursday, January 17, 2013
• Bar 1 - Gap above 3 week trading range and 5 year high on cash so possible trend day. Small bar so trading range. Possible high of the day but trading range more likely
• Bar 2 - Big bear bar, more down
• Bar 4 - 4 bear bars so trend from the first bar bear and sellers above, but small bars so trading range
• Bar 8 - Micro double bottom, possible low of the day, but big bars so sideways likely
• Bar 9 - Breakout, possible trending trading range day. Always in long
• Bar 10 - Follow through but small bars so trading range pa and probably get pullback
• Bar 14 - Iiii, five tick failure above 9 close so bulls scalped. Two legged pullback in a bear move , possible high of the day, but always in long and odds favor buyers below
• Bar 20 - Two inside bars at moving average, still always in long, but tight trading range so lower probability. Ok swing buy or long above. Probably better to not sell or short below since always in long. Someone just breakout test or bought 80,000 calls for next week�huge bet on move up
• Bar 26 - Wedge 1 10 but 9 bar bull microchannel and bull body and always in long. Only take second entry sell. Buy or long pullbacks. Weak bull so better to buy low of week sell high and scalp
• Bar 27 - 9 bar bull microchannel so buyers below. Better to not buy or long one legged pullback in a bull move above since weak bull
• Bar 29 - Strong bear reversal bar, wedge, second entry sell, but always in long, tight trading range 26 so sideways more likely and buyers below. Bears might scale in higher so target after rally
• [more Bar-by-Bar Analysis, Daily Webinar and Trading Course info at www.brookspriceaction.com and www.brookstradingcourse.com]