Monday, August 8, 2011

1150 : Bounce Time? [10:53 AM Update]

[10:53 AM Update]



Here's an ED I proposed in the chat room. We'll see if this is playing out.

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200 Week SMA at 1155. We are there now.

The lower end of this channel is at 1150. We are there now.

The 62% Fib retracement off the 1010 low to 1370 high is at 1149. We are there now.

The bearish head and shoulders target was 1150. We are there now.

Backtesting the 50% Fib Fan which appears to have been relevant. We are there now.
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