AI
Thursday, November 17, 2011 2:55:36 PM
For ‘hit and run’ trader
intraday low at this writing is 1209.75, index has retraced 0.382.
bull says: well, it looks ‘not that bearish’.
1292.66 10/27
1074.11 10/04
0.382 - 1209.17
reference point 1208.48 observed on 08/17. nearby resistance 1228 is a major FIB. coincidently, a 0.236 bounce will reach 1229.45 (1209.75 vs 1292.66). immediate suport 1202 is the mean between 1228 and 1176
intraday low at this writing is 1209.75, index has retraced 0.382.
bull says: well, it looks ‘not that bearish’.
1292.66 10/27
1074.11 10/04
0.382 - 1209.17
reference point 1208.48 observed on 08/17. nearby resistance 1228 is a major FIB. coincidently, a 0.236 bounce will reach 1229.45 (1209.75 vs 1292.66). immediate suport 1202 is the mean between 1228 and 1176
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