Replies to post #47143 on Short Term Trading Member Forum

[Chuck703VA]

Techcharter, I agree for most part.

As I posted previously, I thought we made the 3.2 turn back down Tuesday before last at or near the 50% fibo retrace on the SPX. This morning I was thinking one of two things was going on.....we were either continuing 3.2 back up to that same area or to 1377 area, the 61.8% fibo point, or that we might achieve double top and turn or that we might just fall like a rock from here beginning 3.3. The rise today seemed to be influenced by the European situation, solution of the day so to speak..


I'll be watching. Good luck.

edit, ooops, that was three things.