xjo

Judging by todays market we are looking like ABS may come off closer to the 50% retracement level of the last range up. If you look at the DJIA you will see last night OHLC bar hit a double top and closed below the 50% level of the bar which would indicate the market coming off tonight.

In saying that it was a higher top and higher bottom.

In our market there will probably be some volatility at this level 50% as the buyers and sellers look for direction.