88E...Chart, page-124

@TANOTFA can we conclude that the "break away gap" as you pictured from 3.7-3.8 is a done deal. closed off, the gaps between 4.15 and 5.4 are/were the concern, which as of today have all been closed.

with all due respect:
w.r.t to the MACD in negative territory, could we not also look at it from the other perspective, if todays ann was perceived by the market as "favourable for short term" (which IMO is very short term ~<1month) we would have the MACD divergence +ve. Therefore if anything today is "one of those days" that one can't really interpret or read out too much from a long term indicator perspective and then paint todays action onto the canvas of that indicator into the future too far.

i see support somewhere around the mid 4's in general but i also see (with respect to gap closing) there is now a new gap from 5.4 and 5.5 which will need to be closed. i wouldn't be surprised if tomorrow we see a little sell-of early in the morning to an overall positive day.