Sunday, 3 June 2012

I quite like this....the Gann lines based on calendar days and fibonacci increments of 261 and 161 suggesting possible support at 1260.I had been looking at 1421- 144,ie 1298 but the market seemed to have momentum into the close and closing below the 200dma may trigger early selling on Monday. Of course1260 is 1440-180.


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2 comments:

  1. Anonymous3 June 2012 at 22:05

    The 61.8% retrace of the move (the failure level for the longs on the daily chart for anyone taking a long entry down here).

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  2. Chartrambler3 June 2012 at 22:40

    yes it looks good...whether or not it gets there....we shall see soon

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