lets just call today what it is... thursday, page-71

spider,

Similar trades to me. Closed my 2 day short this afternoon and gone long for small rally. I'm expecting XAO to hit 4125 then final drop to 4000 for either the triangle breakout and rally we've been waiting for or otherwise spike low to probably 3600.

The reason for the end of day spike down IMO was to get 1. the test of the immediate channel below from the upside plus 2. the test of the lower hourly bollinger - out of the way today so as to allow a decent full steam rally tomorrow to the top of the new channel, where I'll be going short again.