UPDATE 8th Sept (this morning NZ Time)
Quote:
Originally Posted by
Hoop
Today the DOW rose to 16493 +391 +2.43% its second best day for 2015
The dead cat event is still in play...
The DCB hesitated at the 61.8% Fib hurdle which could mean there is a good chance that is the DCB top area...
The possible DCB event pattern being formed says the Investors who are buying in now (influenced by rosy media reports) are playing against the odds.
The average period for a DCB event to play out ranges from 5 to 25 days..
The updated chart below has today's candle manually drawn in
More info on a DCB here
http://i458.photobucket.com/albums/q...2008092015.png