mazatlan not to sure yet mate
IMO it appears to be basically back filling a gap left 420-430 today
Im out though only had a small position and will jump back on no doubt,
Will have to run up a point and figure to check price resistance points down..at this stage If you are still long
you may look for a break in median trend lines or other fib lines to confirm exit,
wouldnt panic today as vols are still moderate..
Using Metastock Template with a few customised indicators, ie the zero lag MACD is available at Guppies website. the EXpert attached is Bill Williams Profitunity from Metastock, confirmation of Long/short signals is given by the PFE fractal indicator above.Other indicators in the top frame provide historic turning points
Momentum oscillators Money flow etc...just getting used to this template myself.still a few bugs.
re projections use Point and Figure Fibs and Gann Fan overlays...hope this helps
john
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