Originally Posted by
Hoop
Maybe not right Daytr.....Hmmm...DOW currently 16150 ..It seems the 16000 S&R level doesn't exist atm...with multiple breaking there's now doubt in the argument the 16000 is a primary line
I'll will continue to assume the 15500 (intraday lows) as the primary line I may change my mind to using the DOW Method has a good argument.. the rally yesterday's throwback tested 15800ish region is proving valid.
I'll keep the Fibs analysis off the intraday lows...The DOW theorists use 15700/15800 (closing day lows)...In either case today's move up is a confirmation that the correction (rally) is still in play and likely to test the 38.2% Fib at 16400..........