Thursday, February 7, 2008

612 held for now

The market is obviously looking for a bottom here. With volatility so high, it spanned between r1 622 and s1 612. Although not confirmed yet, with Fib ratio at 61% retrace, closing above pivot 618 and at lower boundary of channel, there is a high possibility that it will bounce from here to the upper channel. Tomorrow's numbers are 624, 617 and 611.

2c

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