Wow, I haven't looked at a single stock chart in a week because I've been busy moving and closing on my new home... I've been all cash for a couple of weeks now and thank goodness I haven't jumped in. I took a look today because I saw some headline about the market entering bear market territory and holy crap we just retraced the entire length of the 2008 recession in a month.
At first blush the Gann Square looks pretty relevant here. Most scalpers aren't gonna participate until the .382 retrace. That's where I'd start, but I don't think this thing's done until the 2x1 is hit.
At first blush the Gann Square looks pretty relevant here. Most scalpers aren't gonna participate until the .382 retrace. That's where I'd start, but I don't think this thing's done until the 2x1 is hit.
