Posted by junkmaylbox on 10th of Feb 2009 at 12:39 pm
We bounced off the 61% retracement at 840 on Matt's charts. Your
chart shows that the upper trend line is around 835. Either way, we
are still within the counter trend rally channel, I reckon.
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I think
Posted by ravun on 10th of Feb 2009 at 12:27 pm
I posted this last night.
You had a double top
Was being held by the 50% fib
And the 60 stochs had tuned below 80
The market bounced off support at 840
Posted by junkmaylbox on 10th of Feb 2009 at 12:39 pm
We bounced off the 61% retracement at 840 on Matt's charts. Your chart shows that the upper trend line is around 835. Either way, we are still within the counter trend rally channel, I reckon.