Tuesday, June 7, 2011

Euro bouncing along the PRS 177, DRTV perhaps, 78 Pop perhaps

Instead of DR Copper, think DRTV......  

That is the double top or double bottom pattern.   

As a mnemonic is helps me not get tricked out by the Dog Returneth To Vomit pattern --- DR TV

This may go for the 78 Fibo, as popping the 78 Fibo is so en vogue these days, or it may turn down immediately.

I have some decent profit on ES long from 1284.5, I will tightly stop those profits, on the potential Euro diaster which is just a matter of time.

"It doesn't matter until it matters"

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Insightful and Useful Comment!