5 years ago
Thursday, August 26, 2010
I can't Believe I Missed This
Even more important, the break at the same time took out the 10,000 level on the Dow-30, volume increased dramatically. Remember what I say about putting stops at whole numbers and that is the most obvious whole number in the market.
3 comments:
So are you saying the market is still going to go UP?
I can only put pieces together and try to come up with the highest probabilities. We have leading divergences, that makes me think dow 10k break was a fishing expedition. I think probabilities based on the charts are that it will rise.
If we get above 10k (DOW) then that Judo concept of a false breakdown/breakout comes into play
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