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Fibonacci is conferming this level, and if my "paesan" Rick Santelli, News Headlines, likes them it's fine with me. You can call it self fulfilling prophecy
We are still under reseanable levels if we compare the down legs April-July 2010 vs July-Aug 2011; going below the 200 average is not a tragedy as the numbers are showing us. I am not underestimating the real problem nor I think it's game over, if Warren B is buying that should mean something Warren Buffett Says Debt Downgrade Was The Wrong Decision
PB you are turning around my words, I did not fix a bottom, but rather a level we could reach in the coming days, that is from a statistical point of view, I understand you guys want to anticipate your pension but somebody might think it differently
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
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No, you would think there would be some sort of measured move/retracement soon given the fall we've had. Could come tomorrow from the Fed. We'll have to see.