technicals, page-31

A little bit more food for thought TDA.

I feel like I am trying to find if 1.26 could be support, and that is either emotions ( bad) or I just did not enterpret the charts better.

If one looks at the low of 46c in August 2012, and the high of 2.06 in Jan 2013, it can be seen as important points in the chart. From there, a fib of 161.8% gave us the next high of 3.05 spot on. It has today retraced spot on to the 50% fib at 1.26.

But playing LNC at the moment is dangerous due to the overseas big markets uncertainty. The VIX, Bonds, and very low ratio of new highs versus new lows is not good signs for any market strength. Until this plays out with a clearer picture, the risk on LNC is increased. I am not taking any entries on LNC due to the increased risk, and will instead see if my lower supports for the US indicies is broken or supported first. Eliminate risk. I may miss out on some LNC movement this time, but the market is always there, and I personally will wait for lower risk instead.