skyscraper, it's possible if similar to what occurred back on
April 16th but I believe it would only be a marginal new high IF it
managed to do so. It would take a move above SPX 1320 to change the
intermediate view. I will again discuss tonight.
Today the SPX retraced approx 50% of the prior decline which is
about normal so we'll have to see what tomorrow brings.
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skyscraper, it's possible if similar
Steve, do you think the bounce will make a new high?
Posted by steve on 20th of Jan 2011 at 05:06 pm
skyscraper, it's possible if similar to what occurred back on April 16th but I believe it would only be a marginal new high IF it managed to do so. It would take a move above SPX 1320 to change the intermediate view. I will again discuss tonight.
Today the SPX retraced approx 50% of the prior decline which is about normal so we'll have to see what tomorrow brings.