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S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
81.98
(
-0.18%
)
Bitcoin
66,429.05
(
-0.32%
)
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Sir Grundleton

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Sir Grundleton

Re: Waychoff post# 1588

Friday, 12/18/2015 6:16:16 PM

Friday, December 18, 2015 6:16:16 PM

Post# of 30926
I completely agree with your post. However, I think that there is a silver lining for the technical traders/investors. We finally managed to close above .06, which up till this point was very difficult to do. Furthermore, we didn't fall through 6 today even though we gaped up. Hopefully 6 will become as strong of a support level as it was a resistance. The volume spike eod will also help.

But you're definitely correct. Some will only see the red peak at the top of a uptrend and stay on the sidelines as a result.
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