TA discussion, page-2205

I do wonder if the recent breakout to the 90's that failed would have kept going if the world markets hadn't corrected? That gloomy macro picture (which still hasn't gone away) would have scared off many swing traders who probably went straight into cash, killed momentum and enabled accumulators to lurk lower. The fact that the low 80's held so well seems to support that real buyers are out there but that they're smart enough to see the bigger picture and not push too hard during a soft patch... Next week could be extremely interesting if the US/China/oil recover or stabilise whilst we run up to a potentially significant macro event.

Off on a tangent (and a wishful one) imagine the response if the 4C has a truly blow out receipts number eg >$3 million!? Extremely unlikely but not impossible...