XJO 0.93% 8,084.5 s&p/asx 200

be alert ... not alarmed ... and have a plan , page-98

  1. 4,155 Posts.
    That fourth paragraph from the bottom is a bit hard to make sense of. It should say this:

    "I would like to see a move up Monday and early Tuesday to around 1041 with Tuesday reversing down and then Wednesday or Thursday back up after a higher low. So on the chart that would show up on Tuesday / Wednesday as a potential 2 day counter trend up, and then when the index started down again the move down would stay above Friday’s low to produce the lower high. Support would be coming in at a higher level than Friday and that would sound the buyers are coming back to play."

    Apologies.

 
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