Thursday, August 30, 2012

A possible scenario

This is ABSOLUTELY influenced by my opinion that we bounce  today at some point.

Right now, we are correcting the push lower from this morning.   A scenario could be a stall out a little bit higher (maybe just under/over 1400) and then a retest drift of/towards the lows. From there, we could see profit taking and a push higher in the afternoon. A change in the breadth (which is currently stinky) and a good pattern to back it up would go along way in building my confidence.

Again, it's an opinion influenced sceanrio, but one that can be considered if you share the same view as mine.


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