Short Term Trading Member Forum

[Chuck703VA]

Agreed Frank. I read the upmove as a correction. Lots of ways one could rationally count the downmove, but it is not clearly a fiver to me, implying corrective, but if we were heading to the sky now, it seems that it would take on a better form. However, I recall getting 'burned' by bad looking forms before so as I said in other post....cautious but going with flow this morning, that fibo retrace area is a large one and we are only approaching the bottom of it. I think it ranges from 1886 to 2021, and we only just hit 1885 the other day. so from where it is now, 1850s, there are 35 to 70 more points.

I guess I could have stopped at ....agreed Frank.

btw, what about WMT comments?