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Alsi Futures 05Nov10

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HateGauteng
Super Contributor
Small gap today. Dow closed above 61.8% recession fib. I guess we're not gonna die anymore.
0 Kudos
6 REPLIES 6
earlyret
Regular Contributor
Thats quite a revelation for you HG?? HAHA!
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Not applicable
Hah! That's exactly what they want you to think HG.
0 Kudos
Wizard
Super Contributor
We are in a similar situation as 35 years ago. Go back to DOW graph Jan 1976. When the recession 61.8 was taken out.it went to the highs..and we should also be going there in the not so distant future!
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sponono
Super Contributor
reverse head and shoulders on the 5 minutes chaard seems to have failed.
0 Kudos
Frogg
Frequent Contributor
Have you taken a short position based on this
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sponono
Super Contributor
No. I was aiming to trade in the direction of the trend but it failed so I stayed out
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