Today, POT traded into the 62% Fibonacci retracement from the big move down that started back in March. If we break this level, the next one up is the 78.6% retracement at around 119.
Wednesday, August 4, 2010
POT-
Today, POT traded into the 62% Fibonacci retracement from the big move down that started back in March. If we break this level, the next one up is the 78.6% retracement at around 119.
GOOG Resistance
Watch the 50moving average for some resistance on GOOG. Back over $500 but don't think it will go far
Yesterday
Definitely a choppy session Tuesday which leads us into what I think will be an expansion of yesterday inside day. Please note this melt up is on extremely low volume