I think they will walk it up to bring down together with ES, 4 hour chart still not looking as it ought to even though 50% retrace been reached and bounced off. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1650948>
50% zone seems to be a good buying point providing lower frame charts concur putting in a buying pattern, most likely a divergence will occur on 4 hour and 2 hour charts. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1651879>
Take care, New York Times reporting MERRILL is adding 2,5 Billion to the 5 Billlion losses already announced. We will see a news driven market today ! http://www.nytimes.com/2007/10/24/b...d82680a2206bbe&ei=5088&partner=rssnyt&emc=rss