AJ.
Still holding... waiting for the end of the retrace-
I had 7830 originialy as resistance (have added a few more), but also targeting 7880 thereabouts to add some more.
If you are trading, Careful of any bear traps as its possible some heavy hitters will be gunning for tight stops around 7900 mark to take out as much as possible for the down move.
All conjecture at this point, so best to trade off your own views.
Will try and hold as long as I can and not make the mistake like on the way up when I went long, pyramiding from 60.40 and got off too early at 68, thought that was a decent move, but hindsight showed otherwise.
At least on the way down it is a quicker ride. Got 70-72 as the target.
As Jessie Livermore said the big money is in the big moves.
Fingers crossed !!
http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
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