Teflon coated market will be tested today | stockbee

2/22/2011

Teflon coated market will be tested today

There has been a persistent bid in this market for many months. Any small pullback has buyers stepping in.
In light of that the weakness today will be interesting. It is coming after a mini blowout. The secondary indicators on MM were at extreme so market had extreme momentum. Such phases result in pullbacks in small time frame. We will see if that happens by end of the day.

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