Tuesday, April 16, 2013

Fibonacci Ticks 144-6765




Price fell struggled at the open to hold MA's and Alligator Jaw. Failure there led to minor move lower. Futures were down about half a percent at mid-morning Los Angeles. The technicals all pointed to more lows to come as were documented in the daily YouTube 'Initial Balance' screencast. The events in Boston were a definite catalyst to the huge drop in the afternoon. 

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