remember this theory??
have a strong feeling sti is over sold?? last 2 days rebound from low so today will likely be the same?? cut last friday n dont want to fall into the same trap again, so today is hold or average down??
i will not rule out the possibility of this happening the 3rd day in a row, neither will i rule out the possibility of this rebound going through. but i have to take note of today being the 3rd day where the bears took control and yet sti is still in the same trading range. this is a 3 day fight, whoever wins will make a big move out of the market. since bears took early control today, i have to give advantage to the bears.
just my personal stand point, but i am ever ready to take the turn if things changes...
Heiwa
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