what worries me is that despite any fib lines in our index, at the end of the day we are just following the US. I held great hopes for a trading op when the US hit 61.8%. But we saw that get smashed the oher night, then a bounce and a close just above the line....it was just a bit of a test if you will. since then the fall has been devastating. Even with a 0.5% rate cut they still fell 189 points last night. Not too much support on the DOW chart now until the lows of 02/03.
Not surprised we had a little bounce at out fib but I am not holding my breath that it will last too long.
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