Wednesday 27 February 2008

we set now at Fib 61.8%, and 4H QQE is at the 50 line trying to cross down. If we pass this level down I see no reason not to hit 210.5... and may be 209.xx before the weekend, let's see. Anyway, if the week closes below the daily Gann HiLo, I'm afraid we'll go short for very long time to come... on the other hand, if it gets rejected up from 209.xx then we may see 213.5 for the 4th time, and if it breaks through then 217... let's see (did I say that before :) )