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Originally Posted by Andrewunknown
Not to throw cold water on a good buy-in level, but:
Activity overnight has negated those components that were bullish on the 3H IKH chart.
As rrram mentioned previously, price has good support around 209.50, and especially the old battleground from several weeks ago around 208.90-209. Support following that level occurs @ 207.80, 206.80, 206.40, 205.50, 205.
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The trouble is just that on Jeb's chart, this may not be the final retracement, I thought it was a wave completion, but according to the latest set of lines he has drawn, there may be more to go.
I am well into profit now at 210.70, so will keep a tight eye on it & be prepared to bail & collect if it looks like another leg down. It may not be over yet
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I'm off to talk about equities.
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Borrr--ring! I don't think I would ever trade an equity again .. yuck!
I love our guppy
