On the anchor a clear W has formed, pointing towards a move higher.
Didn't realize 1990 area was pivotal, but held as a double bottom. <= But... 61.8 retracement was 1989.82 and low was 1990.25, so that tells you something
Tuesday, May 20, 2008
Could this be the flush and up?
Today started lower right at the start of the evening session and pushed below 2000 early, flushing out longs but could that be the end of the correction?
On the anchor a clear W has formed, pointing towards a move higher.
Didn't realize 1990 area was pivotal, but held as a double bottom. <= But... 61.8 retracement was 1989.82 and low was 1990.25, so that tells you something
On the anchor a clear W has formed, pointing towards a move higher.
Didn't realize 1990 area was pivotal, but held as a double bottom. <= But... 61.8 retracement was 1989.82 and low was 1990.25, so that tells you something
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