Hi silverwater,thanks for the thanks. I just had a look from...

Hi silverwater,
thanks for the thanks. I just had a look from your perspective and yes that horizontal at 0.555 does explain our close today. RE: the stochastic, yes you are right it hasn't crossed up yet, which is a bearish sign. However, I place quite a lot of faith in pitchfork analysis and would not be surprised with a bounce off the lower black tyne. Yes, my previously outlined trade plan is quite risky (probability wise), but IMO it's the best course of action. That isn't to say we won't have a lower close tomorrow. I would be comfortable with a close on 0.54. Any lower would ring an alarm bell to me.

Always a pleasure to look at alternative theories. Thanks!