The larger issue will be whether or Not they trap SELLERs looking for the
Monthly Gap Fill @ 28.2K.
The DOW has been weak on a realtive Basis given the 34053 has Broken, this
was important Support @ Monthly.
Support lies at the 34139 level on the Weekly closing basis.
This will imbue SELLERs as technical support is @ 33120 followed by 31848.
The channel would have to give way to imply a Flash Crash continues, it has been weak
support for now.
Real LT Support is at the 28,200 to 31,000 levels, a wider range should the Gap Fill
on the Monthly basis be in Trade.
It remains, far too early to provide a solid indication and trapping Gap Fill traders
would be ideal for a sharp reversal.
Again, far too early to indicate, but trade plans have worked well, we do not want to
overstay our welcome as these Objectives come into Trade.
Privately to PB we indicated the Flash Crash would occur this week, it was left out of the
Public Domain for obvious reasons, good to see it come together.
- HK
Monthly Gap Fill @ 28.2K.
The DOW has been weak on a realtive Basis given the 34053 has Broken, this
was important Support @ Monthly.
Support lies at the 34139 level on the Weekly closing basis.
This will imbue SELLERs as technical support is @ 33120 followed by 31848.
The channel would have to give way to imply a Flash Crash continues, it has been weak
support for now.
Real LT Support is at the 28,200 to 31,000 levels, a wider range should the Gap Fill
on the Monthly basis be in Trade.
It remains, far too early to provide a solid indication and trapping Gap Fill traders
would be ideal for a sharp reversal.
Again, far too early to indicate, but trade plans have worked well, we do not want to
overstay our welcome as these Objectives come into Trade.
Privately to PB we indicated the Flash Crash would occur this week, it was left out of the
Public Domain for obvious reasons, good to see it come together.
- HK