BiggDaddy could be elevated to Immortal status if the S&P heads down from here. His September 08 call for high was 1148 and high overnight 1149.74.
5/8 retrace of the range down from May 08 high is 1150.19.
June high was 3/8 of the same range to within a point as well.
Surely its good for at least a counter trend. In a normal market where buyers and sellers meet to determine price it would be good for a counter trend. I don't think that is what we have got on the US indicies atm.
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Last
8,615.1 |
Change
12.100(0.14%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,599.7 |
| XJO (ASX) Chart |