JillyB said:The 61.8% Fibonacci retracement from the previous fall (March - mid April) is around the 10608 level. Will this act as a level of support as well?
roguetrader said:if not there are an awful lot of longs trapped in that spike up.
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counter_violent said:OH happy day ........W P Twiggy.......and next week .........wait and see !!!
Now lets just see if Soc stands by the bull market.....
Joules MM1 said:Gggrrrrhhhh....
About to have a snack....pink salmon fresh from the stream anybody? Hooked it myself..."my, what nice claws you have.."
Agreed completely.Now is a time to be extremely careful but not a chronic bear.
twiggytwo said:Hi counter v,
Yes it is happy days, I closed my two (futures ) Buy positions on the Dow today. One with 154 points and one with 94 points. We may yet share the Dow contest prize with Bluewave.
Take care as the Dow has been up 7 days, if we close tonight above 10,578
7 days up means a small retracement ( one day down )soon before it moves higher.
Best Regards to all
counter_violent said:Very well played Twiggy......It teased us right up until the death
Good Trading, C V
roguetrader said:Testing point as we head to the last hour, internals starting to show similar weakness as yesterday, question is will they reverse and head higher like yesterday or continue to break?