Notice we have yet to test the 20-day MA (shows how oversold things got). So that would seem to be a possible resistance point, followed by the "W" apex, followed by the gap.
Updated:
Rejected at the 20-day MA
Wednesday, August 24, 2011
similarities
What followed last year's flash-crash compared to the current market. Looking very similar.
Notice we have yet to test the 20-day MA (shows how oversold things got). So that would seem to be a possible resistance point, followed by the "W" apex, followed by the gap.
Updated:
Rejected at the 20-day MA
Notice we have yet to test the 20-day MA (shows how oversold things got). So that would seem to be a possible resistance point, followed by the "W" apex, followed by the gap.
Updated:
Rejected at the 20-day MA
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