Friday, December 18, 2015

This is what volatility looks like

The lower parallel support line was well drawn.  Today, price did not go below the "all important" 2000 level.  They say all important because of psychology.  Round numbers like 20, 50, or 70 are psychological.  And numbers like 2000 or 2100 or 1900 are really really psychological.



{click for clarity}

No comments:

Post a Comment