Tuesday, April 5, 2011

Old Friend the Cable

Shorted based on the near term 78% Fibonacci level, the PRS 177 outer channel line, and the long term (from October 2010) 78% Fibonacci level.

Also see the Nikkei.   I will stop complaining about manipulation, and instead, trade it.  Added to shorts as soon as I saw the 78 Fibo get popped.

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Insightful and Useful Comment!