I totally expect a test of the long term bull suport. Ps I like mine medium rare. After wed who wants to be long over the week end me thinks. One bitten twice shy so I will be stocking up on a few shorts come lunch time. and make a little money for the week end.
LOL! Or a pig work in a bank. Uh oh, we won't go there will we. I bought a smidgen of WHL this morning and a teensy weensy bit of SOL. Never could resist the sales. Still very much in cash tho jus in case MM is right.
If the dow breaks through the 13200 level is the next support level 12500? If this is the view then i do not want to be holding over the weekend . Maybe good thing final correction with fresh start next week and some bargains come Monday/Tuesday.
Seen the same on BHP and OML. Buying and creating support levels. However, with a drop of 7.7% and 8.3% respectively who can blame the buyers. I, however remain cautious. My appetite for risk is a little low right now. I'm just not sure how smart the money is that's creating that support levels. omo
We have now fully corrected from wave 5 on the clear elliott wave on the TOP40 , we should now start a new bullish wave on the TOP40, Hugh prfits for bulls look likely, , just watch the 24000 level closely, if it goes below 24000, sell!, if not, right now, BUYBUY BUY BUY!I see no eason to sell now, above the 24000 level, at the start of a new wave upwards, IMO.I have just bought some TOPDWL, will buy more as uptrerend developes.