Thursday 18 October 2012

Continuation

The Feds pumping of money into the system is continuing to push stock markets higher. Yesterday was a fairly squat day but this morning, London time, the advance continued.

The DAX found support at the POC and then just dug in and continued higher. The story was clear to see. Context is king.


2 comments:

  1. Hi Tom,

    Could you please indicate the places where your 'magic fib' levels are drawn from.

    thanks,

    Sean

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  2. Sean, I take the closest pivots (SwingHi and SwingLo) to draw the FavFib levels. Sometimes there are more than one.

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