That chart may get bringiton posting again as 00/02 and now look pretty similar to me. Perhaps he's waiting for a solid lower high on the daily before he'll get going again lol ;)
These two facts concern me:
- Thursday's low falling below the prior swing high of 10 August, and
- Last night pulling back, again.
Having said that:
- A swing low moving below the level of the prior swing high does not mean an uptrend isn't likely to continue, but rather, that it is not a fast trend up,
- The break of the 1018 level on Thursday was only marginal, and only for an hour or so, and something that wasn't unexpected,
- The 4th move against support or resistance holds the probability to move through that support or resistance,
- There are 2 levels of calculated resistance to get through here, not one, so the time on the side here is still reasonable if going higher, and
- Only scooter has a high in place already, that I know of anyway.
Anyone else think the high is in? Volt mentioned something the other day about Frank Dilernia saying 1037.5? I don't have access to his material Volt, so would you mind letting me know if it was a high for him?
Starting to think I'd better got some of my OCD pills out lol...
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