True.. cant argue with facts.. but the 78% fib stopped it dead in its tracks. This 'correction' was too short to be a V bottom. Im just not buying it... Take a look at the March 04 'bear' ... almost EXACLTY the same as this.. quick bottom.. quick rise back to the 78% fib then a series of lower highs and lower lows... thats my bet on this.
This is not a market that is going to continue straight up, this correction is still occuring yet many dont comprehend this. They see a day like today and think everything is back to normal, its not.
13900? Wake up! This baby's heading to 20K by June! Back me up stock_chaf3r. When will the bears learn. Good economy = $$. Bad economy = $$$. That's why trading is so easy. All you need is a $1.50 and the brain of a donkey, and you too can become a millionaire! Here's my PROVEN system absolutely FREE: BUY!!!
i am enjoying the rally but confused as usual... how is it that news can be bullish for commodities, bad for the dollar, and good for the market? liquidity tap on. liquidity tap off. on.off on off...