My thinking is we will go and breach 1470 before coming down and it will have to wait for 4-6 more business days. it could be 300-500 points drop, it could be an event spread on 2 days in that event magnitude will be less. I seriously doubt we will break recent lows in meaning full way. That event has to wait 4-6 weeks. JMHOP.
I was wrong many times as I was right many times so I thought to share my work, I respect your effort and work.
Thank you for sharing your ideas.
Farooq
Farooq This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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