Another big down day but the anchor downtrendline gave several terrific entries. After the big early collapse on bad economic news, price came up to touch the downtrendline four different times!! Check it out, 1819.25, 6.5 pts lower at 1812.75, 14.5 pts lower at 1798.25, then the one I came back for after being in the city all day, 8.5 pts lower... actually I thought it was 1790.0 at 1789.75. Now afterhours it actually looks like the 2 day downtrend line has been pierced, but we shall see.
Tuesday, February 5, 2008
Big Down Day but Anchor tells you what to do
Another big down day but the anchor downtrendline gave several terrific entries. After the big early collapse on bad economic news, price came up to touch the downtrendline four different times!! Check it out, 1819.25, 6.5 pts lower at 1812.75, 14.5 pts lower at 1798.25, then the one I came back for after being in the city all day, 8.5 pts lower... actually I thought it was 1790.0 at 1789.75. Now afterhours it actually looks like the 2 day downtrend line has been pierced, but we shall see.
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