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kuwlness

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kuwlness

Re: kuwlness post# 189

Tuesday, 08/02/2011 11:34:30 PM

Tuesday, August 02, 2011 11:34:30 PM

Post# of 215
Dont panic unless we break 1249. Ideally we rally back to 1294 after testing the 1250 area for a 3rd time. This fits the pattern of what's referred to as a double-three corrective pattern.

The bullish scenario is ths double-three corrective pattern in which case we rally to 1294, put in a higher low (higher than 1250), then rally back to our previous highs (1360 area).

Bearish scenario is we break 1249 and panic ensues leading to another Flash Crash. Keep tight stops!!

The Above Message Likely Contains Coarse Language and, Due to its Content, Should Not Be Viewed By Anyone.


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