| One more thing, then back to work here. If we do not wash the lows, then would change the structure of the pullback..IMHO. The pullback without a wash of the lows, is simply a unconfirmed pivot, where price will want to go back to. Essentially no different than the failed "Z" swing at 3.87. In that case, maybe Fry's 4.65 level would stop it and 4.65 has alot of merit. Nobody will complain about prices a dollar higher, but its not a "5" print. A wash would be whale backed, and everybody would be flushed. That would change the structure of the pullback, and put those 5+ levels in play...We need a wash...I will drop a well placed hint or two in the next week or two...Not that it will matter. :-)
Edited by jpartner 9/11/2015 12:58
|
How do you like them technicals
