it looks like we completed a wave today not sure what degree. resistance is 1220 to 1240
we need to rally for a couple of days. if it was a 1 of 3 then i would expect another 200 point drop after
the rally. all the way back to the sep 10 lows with still more downside to come after that. if it was a 3 we competed
then i would expect another wave down to about 1090 and then a substanial rally. impossible to tell right now
the sp e wave
Started by
gannman
, Aug 05 2011 10:39 PM
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#1
Posted 05 August 2011 - 10:39 PM
feeling mellow with the yellow metal