Quote from: masterluc on October 09, 2014, 10:10:23 PM

Quote from: oda.krell on October 09, 2014, 10:03:38 PM

Question:

A few posts earlier you said that the pullback from 275 didn't look very impulsive to you.

I have to admit, I didn't see it like that (but you seem to be right). To me, the quick move from 330 to 380 looked very impulsive. What made you think it wasn't?

Can't explain. I just feel impulse or not. This is more like ABC correction rather 12345 motive move. However it didn't overlapped still and may bring surprise still to my feelings.

This feels A, B, C corrective to me too, but I see a C putting us in the 420 range.

I do not think we just crash and burn here. Will will close this week above the lower BB, probably testing fibs retracement on the B of around 330-350. Then the market will still have some legs up to 400s.

That will be a better set up for eventual LLs imo.