Our recent low in SF was 551 1/2 on the daily charts…Subtract that from the recent high at 1022 1/2 and you get 71 cents.. half of that 71 cents is 35 roughly which gets us to our high at 86… Look at today’s high….Should have been a seller there…It was good for a ten cent profit..
FYI, I did not sell it there… I thought we would have buying today off of the gold and stocks…
Just a quick note the importance of staying simple and trading 1/2 way back moves…
On that note, I did some quick and dirty math… Call the high in the Dow Cash at 14,200, call the March low 6500… That’s a 7,700 point move. 1/2 of that is 3850… Add 3850 to 6500 and we are at 10,350… That’s right where we are now… Could that be a good sale? HMM and people don’t pay attention to technical analysis….
Good Trading