Market should chop around today up in this area holding on to gains with only small pullbacks (if any). It should try to grind higher but doesn’t have much left on the upside before it rolls over and pulls back again. It will probably happen Friday though from the looks of the charts. I’d guess they will do one of 2 scenario’s… Plan A is to gap up over the current falling trendline of resistance and sell off most of Friday to backtest that trendline at a lower level. Plan B is to rollover afterhours and be down at the open Friday but oversold and ready to push back up. At that point they can push through the falling trendline instead of gapping over it. http://screencast.com/t/OvTgG5rvO
WOW – all the down down to 22 level!?
p.s. I tried IE; Chrome; Firefox and your site shows ERROR 403 – FORBIDDEN
New FP on XLV http://screencast.com/t/NrFRrSqrCQ
How are you replying to this disqus comment without the site up?
Keep getting 403 error
Can you see my site now Scott?
Can you see my site now kihei2?
Yes…? Wonder what happened. Hope all is OK?
I cant access reddragonleo.com
Is the site down?
Well that went up quickly.
Market should chop around today up in this area holding on to gains with only small pullbacks (if any). It should try to grind higher but doesn’t have much left on the upside before it rolls over and pulls back again. It will probably happen Friday though from the looks of the charts. I’d guess they will do one of 2 scenario’s… Plan A is to gap up over the current falling trendline of resistance and sell off most of Friday to backtest that trendline at a lower level. Plan B is to rollover afterhours and be down at the open Friday but oversold and ready to push back up. At that point they can push through the falling trendline instead of gapping over it. http://screencast.com/t/OvTgG5rvO