haspete's - more upside than down friday, page-27

What a shocker.. djia was down 524 points until it found support towards the end of the session where it bounced off the 9th Aug lows (DB). For the bulls, it managed to close slightly higher than the lowest close on Aug 10 which was 10719. So along with that date it's only the 2nd time it's closed below the Jul2010 - Aprl2011 61.8% fib retracement.

redbacka wrote : ""Back in mid-August, there was only one more Down Day before the Index rebounded. Will history repeat? Maybe. We shall have to wait and see. It?s possible as major supports lie below. But if 10700 is broken significantly ? the market could be looking at the abyss.""

Well he was right & there was another down day (lol understatement) & it held 10700 & put in a db ??


Ahhh, I have failed miserably this time I'm afraid red... ""Barnsty had a "back-up the trucks" level posted today. He could be right.""


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