I really hope i did not confuse you yesterday with the massive 'Meltdown' sign?...but the reality is that we are at crossroads. What do we do from here?...
So what if we have hit the 134.96 level...do we reverse here..or carry on down?.....personally i'm undecided...it looks like a good opprtunity to set up longs but with the current state of the economy anything can happen and we could get a complete and utter failure with the set-up and carry on down.
If you are into your formations then you could see a falling wedge on the daily...then again some say you can see a complex H&S? whatever you see...its never a sure thing until we get confirmation that it will stick.....
Whatever the outcome i think MArch will be explosive...my head is saying long...but until i see confirmation...i.e. re-test on low volume etc i'm not doing a single thing.
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