outlook, page-10

robbbbbbb,

Good stuff.

You may or may not have read my posts on the weekend that I've jumped the fence from the forest where my cave was and am now grazing away in a paddock lol.

Mostly based on possible fibs levels I don't think the markets will (for now) go below existing lows and so agree with your thoughts about a rally shortly. I'm uncertain about how low we go at this point though - perhaps last night's US fall was the last hurrah for now - we'll see I suppose.

Off topic, the concern to me about today's XJO rise is that we filled the gap on open and now leave ourselves potentially exposed to a big fall tomorrow without leaving any topside gap and we could then continue to fall from there throughout the day. ie. a fall today would have been preferable for a rally to develop. Still - only trading intraday at the moment so the more volatility the better.