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If traction gained by Thursday – If, Then… Market Timing

If traction gained by Thursday

By Rod David | August 28, 2015 - 4:50 pm

If traction gained by Thursday afternoon”s sellers did influence Friday, then it went only so far as to restrain price action. Thursday afternoon”s complete retracement of its 42-point plunge didn”t advance any higher as Friday was essentially spent exclusively in negative territory. There was one momentary probe above 1986 in the morning, and then after the cash session close. The hesitation cut both ways, not exploiting an opportunity to plunge into the 1970”s to under 1940 Oh, well, there”s always next week.

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