Friday, October 29, 2010

Getting Tight on watch

Friday EOM rally?
Support 1 is 1177.41 and that should hold, Support 2 is 1171.04 and I have an aggressive sell at
1171.65, if that falls 1155 comes fast with that being major support.

Scenario: Friday is a blue day. The last blue day was 10-25 the day we hit 1196.16 @10:am.
Now turn that chart upside down and the low is at 10:00am possible 10:30 am to give an S2L look.
Let see if it happens as we firm rest of day


However breaking 1171.65 things get serious fast use standard TA as a help.
Jerry

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