60% retractment intraday - the post regarding the drop triggering sell programs gave me another perspective to think about the markets...... btw, my 370 retractment target has been hit. score one for the newbies! =) looking into my crystal ball i see some buyers coming in around 3:30 est....
The real question now is who will take charge into the close, buyers or sellers? Hard to believe anyone would buy this thing and hold it overnight, but we'll see.
Your noobish comments gave me the confidence to short the break of 371. Thanks for a quick 5 points. Your earlier comment was a close above 370 which has not been realized yet until the market closes. Good Luck on your longs!
Thank you! This just proves that you can get good trading ideas from reading ET. I give you all the credit for this trade. Good Luck!
my close target was off 9 points - oh well, at least it hit my inital 365 target.. two more up days and we're back where we started. good luck to all.