|Piters ||Mar 30, 2009 4:35am | Post# 167967 |
yeah thats what im thinking too. Certainly more so than it has done all day anyway
to be sure, we have to see where it support is, wait on bounce, and test the Resistance... and then when all is over, with the new picture we can say YES, we are there or there..
so far.. I posted few days ago.. was expecting retrace Fibo382 at [139.86] that was the Minimum retrace I was talking about from the weekly [yellow] TL.. bounce
and possible down levels were 137.50/70 where the daily Gann and Daily 50 ema are.. with a possible spike down, to test the lower TL on 136 level..
That is Why I said.. it is realy depends where we close today.. as we are currently below the Daily Gann, Im realy expecting a run in NY session to close above the gann - above 137.00 level so we can resume our Bull retrace to 155 where is my first target to Up side... However,
If for some other reasons, "someone" have too much USD dollars, and wants to keep the current value on the market, or to make a political preassure to the Dollar as a worldwide currency.. then we can even see some stupid moves and very dangerous spikes this week... [everything is possible]
From techincal point of view. A close below Daily gann, would implicate the break of that Bullish daily channel, and then testing the lower levels..
I hope we are not going to see that before we visit 155..
Personaly I would be a very dissapointed of Bulls Power..