daytrade diaries... february 10 part 2, page-60

yeah fm,very lame performance today,didnt see any shorters running for cover.

very hard to make those sort of predictions but i still strongly believe that the XJO must test the june 09 level which is also the 50% fib.also nowhere near enough work was done between 3800 and 4800 which leads me to believe that the next fib level may get tested @3800 also.this is also probably fair value too imo.

ofcourse alot of this depends on how events play out globally.europe is on very shaky legs and the us is no better.talk of usd being downgraded,dow/spx absurdly overvalued,us debt in meltdown...