PPT laoda, what u meant " after break out down trend channel, it form lower l ...
开小差 发表于 2010-9-1 04:34 PM
if lower low is formed AND there's a reversal, 2 legs up is expected.
If reversal happens at higher low, the worst case could be only 1 leg up left. (because the process to the higher low might be the first leg up).
60 mins chart is spike down and channel, theoretically ES can come all the way back to 1100.
But longer term equity market chart is not reliable these days.
We are still in the range, so I won't be too bullish or bearish.