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Re: Watts Watt post# 170273

Wednesday, 04/03/2019 11:03:33 PM

Wednesday, April 03, 2019 11:03:33 PM

Post# of 232854
I seriously had doubts about that gap. I think I may have called you out and said you were crazy.

Often, gaps up, when preceded by a down move, up & down spike, and another up move (i.e. the territory has been well traversed) can be ignored because the track is so worn. It seems not so much in this case but we won't know until we know. So I am definitely not ignoring this any longer.

Since the current scenario indicates the down move will continue because support has failed, we can see a collapse, partial fill or a full fill. We should all name this the "Watts Swoon" - I will to reflect my repentance for letting pretension cloud my judgement!
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