AI
Thursday, July 08, 2010 11:21:59 PM
SPX. This A.G. FORK has its midline superimposed on the 1x1 line of the Gann Fan originating at the same point. Note also that I set Fibonacci ratios as parallel lines within the Fork. They are hurdles while the midline (50%) should act as an attractant. For simplicity, I have no wave counts after June 2.
So the question is: is this a tradable rally or a “bearly” oversized bull-trap? I think it is a rally that we should trade.
So the question is: is this a tradable rally or a “bearly” oversized bull-trap? I think it is a rally that we should trade.
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