Morning all. Wow rough night! Thought I'd throw up the same DJIA chart that I posted yesterday morning where my comment was ""I am looking at that lower support line (white line) which got taken out at the beginning of October to hold as support.""
Well it got there in a hurry (quicker than expected) and bounced straight off the support line during the session to recover some 50 points by the close. IMO this support line will hold now and the price will zig zag in this area for a little while which should take the daily stochastic into the oversold area before resuming back up to meet the resistance that it fell through last Friday/Monday. All imo lets see how it pans out...
DJIA daily
daytraders nov 17 pre market , page-6
-
- There are more pages in this discussion • 19 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)