Hey R you are all smiles and i am crying.
Any chance brother of returning my money.
Then we all will be happy smiling together.
Am I smiling? Hell no! Sometimes one just has to grin and bear it, brother. Yesterday I got taken to the cleaners by this thing; I went short at 44460 hoping to cash my chips at 44211. Well, you know the rest... Anyway I'm still holding.
Today I'm hoping to see a high of 44862 and hopefully a low of 44257 (according to my system anyway). I know... wishes...horses...
I'm however skeptical, seeing that the US market throttled bears for three days before they finally decided to let the guys cover their shorts last night at 21h00. I hope that's not the case with the ALSI. But then again, with the ALSI one never knows what's in store, does one?
Happy trading, brother.
PS: It looks like your target of 44255 is just a tad (2 points) above my expected retracement. Now, if we are all eyeing the same point, you can rest assured that the professionals know it. And they'll squeeze us a bit before proving that we were right all along.