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Replies to #39265 on FOREX TRADERS

Relentless Despot

08/21/10 11:48 AM

#39266 RE: Jester_Vandalay #39265

That does seem to make sense and does correlate with the activity I'm noticing in the market. Also helps to confirm the head and shoulders I'm seeing on the DOW. If that pattern materializes (and it's looking flawless at the moment) we will not see a return to 6800 or so.. I'm looking at 2000 or less for a bottom for a true trend reversal.. something the DOW has never seen.
Thanks for the explanation.