wascilly wednesday, page-46

If the 2006 low is still important then it probably suggests that today's high shouldn't be exceeded by more than 20 pts.

I presume HK trades Friday and Monday so it is even possible that it could make new lows and even recover before we even trade because of Easter.

If this is an important major low here then forget about filling gaps as that is seldom done from serious bottoms.

The best major bottoms have several big days up and then some minor correction.

I do think resources will come under some serious pressure but financials recover if this a major bottom.

That does leave us in a mixed position.