A move down into the 8th, im not sure but if so then i would be scouting for more buys heading into the Early November period for the 2009 high. Period for that would be from the 6th to the 16th November based on many Gann calculations into attempts to find the high in 09.
Now in saying that i think its more important to continue looking for the opportunities as they are still out there knowing our risk is measured and controlled. I took some longs yesterday which i might regret today but i was comfortable in doing so overnight.
Regards Rob
Theres a little look at one of the reasons why i think thats where we are going eventually in 2009, happy to be right or wrong and trade accordingly though 50% retrace in time and price creates a very powerful vibration and should proove a strong magnet ??? I quickly dropped the time tool on so its not in the exact spot :))
