Re: Pull Back
in response to
by
posted on
Sep 13, 2012 11:15AM
DISCHINO, we can thank some guy named Fibonacci for that, he was a real pessimist, and, he was also a short seller, well, he came up with the great idea, technically, to have periodic pull backs on the charts to fill gaps, so he could make money shorting everything in the finacial markets, so that is why we have the fibinnacci retracement today LOL
Lets see how the day ends, looking at the chart, my thinking, a close around the .0031 to .0032 would technically help to fill the gap but who knows... maybe more buyers may come in to buy shares now that the chart is coming close to the MAJOR EVENT the 2nd "GOLDEN CROSS" to turn the 'Daily' chart completely right side up!!
$$ Ka-Ching $$ Ka-Ching $$