It doesn't have to hold. The rule only says that there should be at least a tradable bump. (and there was 14 to 16) Here is a smaller one, with 4 pts Height: On the ES this one predicted a 3rd low at 11.25, currently at 13....
Hey, let's see how the prediction progressed since yesterday: We topped before the open, in cash it would have been 1337 SPX. I thought we would repeat it during RTH, but I was wrong. We dropped below the SMA line and we are getting close to the lower border of the range.... The BBs are getting narrower on the daily....
Who ever doubted the ES would be back? Welcome home!! http://www.youtube.com/watch?v=YyJt05xVUJo&feature=related What should you have done after the LOW of the opening (0930) bar was taken out? http://www.youtube.com/watch?v=r9hSgs0ITI0
Some rich Saudis got the itch today. I wonder why... http://www.gulfbase.com/site/interface/MarketWatch.aspx?m=1