thursday trading, page-30

gann, i see where you are coming from with 3670.....but I was thinking slightly lower. A 50% retrace of the rally from the 23/12 takes us back to 3656 by my calcs...we are currently buggerizing around the 38.2% retrace.

if I draw a horizontal channel line across the bottom of the 1 min chart I get your 3670 but the second low was a bit lower and that channel line brings us smack on the 50% retrace