AXE Chart, page-111

Do you really know nothing about resistance/walls? Its just turned 10:30 and you're popping the Champaign corks already. I hope it stays above 50 but chances are it will retrace below that by mid-morning (thats how resistance/walls work). Nevertheless, if we climb above 50 by the end of the day Ill be more than happy. Then all we'll have to worry about is what happens in the USA market overnight. If bad we could get sucked back to 50 or below and if good we could climb as high as 60 before we hit huge resistance/wall. A favorable announcement tomorrow morning esp if it sits at 54 at EOD would be just grand. That's how I read the entrails mate. No steadfast rules, just the balancing of probabilities.