Monday, August 8, 2011

Some good overshoot examples

I was watching 1152 as support, we overshot by 4.5 points. Then, the upside target of the bounce was the opening price, we overshot that by 4 points.

Seems like 4 points give or take are a good reference number at least for today

Using those reference levels, it would make below 1154 a dead end for this 1159 pullback level


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