One thing that still sticks out from last fall...On Nov 2 or so we tagged 2110 in one of those late day squeezes (felt almost identical to today's action) and it was a foregone conclusion that we were just going to take out 2135...heck it was merely 25 points away...then that rolling chop sideways carried out the next 7 weeks until it broke...Nonetheless, all pullbacks were bought with reckless abandon and some of the biggest squeezes I've seen took place during those 6-7 weeks...
Basically whatever level we think it will reject, it's probably going to stop short of OR simply gap thru it on some CB inspired "whatever it takes" meme.
Basically whatever level we think it will reject, it's probably going to stop short of OR simply gap thru it on some CB inspired "whatever it takes" meme.
