![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRqUcU0zN4red_McuFz6Y4qZRGCEQX9lugmLRRlNembGLxxw_WySgiPSC4qRF-mMjYiyjlhTgYe0KKbj5ROaz6KHW_tHs6PfwvFzLtf1w7CMAlSIEvtJKEaQm7F8HgA2Eq7hEm7t1ZQdId/s320/zigzag.png)
I think so...watch RSI on short time frames for fairly extreme readings as we get near the weekly BB's...Fibonacci considerations produce a possible bottom near the 1024 area...which is near the 1027.57 level of the weekly bands...
(click on the chart to enlarge it)
Update:
Fed engineered a bottom today at 1042.17, to create the illusion of a double bottom with 5/25/10. There seemed to me there was no technical reason for it, not yet oversold, not at Bollinger Bands...We'll see how well it sticks...
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