Another ramp coming up?
25 Feb 2010 1: 00 pm | Filed under: technicalsI wonder if we get a ramp to retrace a lot of this drop, like we did in January:
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This is today:
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If we drop a few points and don’t break the lows and RSI doesn’t break its uptrend, we’re likely to ramp towards 1100.
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Pej
February 25th, 2010 at 1:54 pm
There you have it! well done!
Mike
February 25th, 2010 at 2:04 pm
Seems too fast, too soon. I suspect it doesn’t hold. Second waves can spike like this, and reverse quickly.
Pej
February 25th, 2010 at 2:10 pm
would be great if it didn’t and the market closed below the support line confirming the breach.
golfboy
February 25th, 2010 at 2:20 pm
Wow, you sure call that right!
Pej
February 25th, 2010 at 4:09 pm
Support held… I think it means the market is going to move back up from this point.