I hear ya Steve -- good advice. I will go out on a limb
and say that while 2007 saw a 7 day burst to new all time highs, if
we sell off more this afternoon and lose the 1576 pivot (and prior
all time high), and a 3 day squeeze was all we had...... again, a
big "if" at this point and not really worth pontificating about too
much. However, even if we do lose 1576, it did this in 2007
(lost the high briefly), then came back another time in the
following days.
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I hear ya Steve --
Monthly chart strength
Posted by kalinm on 12th of Apr 2013 at 12:28 pm
I hear ya Steve -- good advice. I will go out on a limb and say that while 2007 saw a 7 day burst to new all time highs, if we sell off more this afternoon and lose the 1576 pivot (and prior all time high), and a 3 day squeeze was all we had...... again, a big "if" at this point and not really worth pontificating about too much. However, even if we do lose 1576, it did this in 2007 (lost the high briefly), then came back another time in the following days.