reminds me of friday
once again trying to give the impression of a weak close
maybe lower start tomorrow, but heading higher
this close
Started by
relax
, Sep 04 2007 02:59 PM
3 replies to this topic
#1
Posted 04 September 2007 - 02:59 PM
#2
Posted 04 September 2007 - 03:02 PM
the minute charts look almost identical.
“be right and sit tight”
#3
Posted 04 September 2007 - 05:42 PM
how about it is also similar to that day (8/8) that went up to 1503 and close around 1497, only for the decline to resume the next day? That time we also had a 61.8% retracement from the lows. The only difference I can see is that today it closed a bit above the 61.8%.
Just curious if you have identified any similarities there.
#4
Posted 05 September 2007 - 03:08 AM
nas composite made a gap on 8/8
that was not the case yesterday, removing some downward attraction
also 8/8 was the wednesday before opex, where a high or low would have a higher probability
don't get me wrong - i would not be buying now
the way i see it - buy signals are now in place, therefore we just need to move down in order not to make things to easy
cycle low should come next week monday-wednesday
so i'd be going short on the up move today
good trading to you