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Sunday, October 23, 2011

Well 2 others things say this run could be over, closed longs, reopen on strength

Going long term, ES (S&P 500 futures) is right at the 61.8% Fibo retracement from the highest high to lowest low.   The Big Fibo 61, and coincidentally also at the Bernoulli 100 channel line.

It may go up and currencies say it should.    But this is good profit levels on the longs, if it breaks the 61 Fibo and the B100, I will go long again. 
Posted by Stock at 2:51 PM

2 comments:

  1. PWOctober 23, 2011 at 5:16 PM

    Take the profit now I say.

    Now if I could only follow my own advice :(

    Cheers,

    PW

    ReplyDelete
  2. steveo77October 23, 2011 at 7:20 PM

    I did, there are upside targets, but this puppy could tank at any moment.    Greed is only good to a point....

    ReplyDelete

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