3309 Drysdale Ct
Edwardsville, IL 62025
here's a quick video of my thoughts on the market, using the 60 min SPX chart
http://breakpointtrades.com/jing/2011-11-01_0920.swf
Matt in your video you said you favoured an abc pull back... what would you need to see to change your mind that this is a top and we are going to new lows???
50% Fib retracement of this drop would coincide with gap close around 1253. So far $TICK does not indicate a down trend day.
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SPX 60 min chart and video with my thoughts
Posted by matt on 1st of Nov 2011 at 10:22 am
here's a quick video of my thoughts on the market, using the 60 min SPX chart
http://breakpointtrades.com/jing/2011-11-01_0920.swf
Matt in your video you
Posted by alba on 1st of Nov 2011 at 12:14 pm
Matt in your video you said you favoured an abc pull back... what would you need to see to change your mind that this is a top and we are going to new lows???
50% Fib retracement of this
Posted by Vida on 1st of Nov 2011 at 10:32 am
50% Fib retracement of this drop would coincide with gap close around 1253. So far $TICK does not indicate a down trend day.