Tuesday, January 11, 2011 2:52:49 AM
Had this prediction on DJI several days ago (made at 11700 level):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58497544
Now, notice this short term supp/resistance line at that 80pt drop level after the fact. These footprints can be very, very specific and targets often become areas of magnetic support and resistance (their importance is relative to the time frame from where the premise stems - as seen here, even very short term targets are magnetic).
BTW, patterns indicate more downside. I had a perception that many issues were forming sea change patterns since the beginning of this year.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58472605
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58456752
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58497544
Now, notice this short term supp/resistance line at that 80pt drop level after the fact. These footprints can be very, very specific and targets often become areas of magnetic support and resistance (their importance is relative to the time frame from where the premise stems - as seen here, even very short term targets are magnetic).
BTW, patterns indicate more downside. I had a perception that many issues were forming sea change patterns since the beginning of this year.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58472605
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58456752
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
