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Wednesday”s open has almost immediately – If, Then… Market Timing

Wednesday”s open has almost immediately

By Rod David | December 10, 2014 - 10:58 am

Wednesday”s open has almost immediately retraced all of yesterday afternoon”s rally. If the noon hour isn”t entered with the open”s dip largely retraced, then this afternoon could duplicate the morning”s drop. Meanwhile…
TWMJF — Extending its pullback to test 1.75. Closing above 1.92 would signal momentum reversing up.
ATTBF — Not exactly rejecting the redundant retest of .135, but also not exactly sliding through it. This is not optimal for a bottom.
GWPH — Yesterday”s bounce from probing fresh lows has held another 61.8% retracement. Back under 71 would signal the decline had resumed.
DEWM — Trying to hold its .0032 maximum pullback limit.
INSY — Testing 42 at the open is in position to confirm a new rally leg underway, by closing higher today.

Posted in Bigger Picture