Posted the other day about divergence in the 'retrace' of the XJO compared to the DJIA. Around the 29th the XJO had retraced back to the 50% but the DJIA was hovering around the 38.2%, then the XJO had gone to the 61.8% but the DJIA was around the 50%. Now we have come back in line with the DJIA. The graph's tell the story.
We are still in the upward channel, i still have a long bias, until proven otherwise. Tight stops warrented.
Holiday for the U.S this friday, meaning; we will trade 'blind' Monday.
safe trading
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