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Is the washout over?


That's what everyone in the group is saying.
On the evening of 11-13, two bars: 896k contracts, 971k contracts.
Average volume: 154k, roughly six times normal.
But the price plunged from 792.68 to 763.04.
The heaviest volume hit at the highs.
What about the bar at the 740.57 low?
197k contracts.
Three rebound bars: 82k, 66k, and 37k.
Volume contracted.
So I accept the flush-out, but I don't think it's time to buy.
$MU is now at 755.81, with MA20 at 761.08.
If it can't get above that, it's still just a rebound.
(Not investment advice; you are responsible for your own gains and losses)
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MUMU-0.63%

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