S&P (e-mini) DOW 16th October 08 recap

"Probability pattern on the break of support from the previous day is:-

Re-test the 50% level early and continue down into Thursday's support"

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DOW and e-mini 5-day pattern

US markets rose up into the 50% levels on Thursday and sold down, with the DOW moving down about 500 points.

I would have preferred (obviously) to have seen Thursday continue down into support and then bounced...as I will explain in the Premium report for Friday.

The good thing in the short-term is, price is back above the 50% level.



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