Actually, considering the fact that the 1546-1547 area was the last place valid support came in and delivered a buy signal, it actually is very sound reasoning which makes him say that it now represents a very strong resistance point ... and to be aware of it.Quote from dmartin:
I think Avarus could use 10-20 mg of Valium considering his predictions.
Quote from JimmyJam:
Actually, considering the fact that the 1546-1547 area was the last place valid support came in and delivered a buy signal, it actually is very sound reasoning which makes him say that it now represents a very strong resistance point ... and to be aware of it.
Good trading,
JJ
Quote from apex82:
hit support at 1530 and a retest or new highs are definately probable... hanging short and scalping long on other account