9/2/08 - Violation!
By:
Matthew Graham
•
Even if it turns out to be only temporary, our window has been violated. If it holds under 100-22 for five minutes or more, bad sign...
IF you still have access to Friday's rates and have a closing occurring this week, consider locking. All others: buckle in, short bumpy ride ahead, but we should still get where we're going.
The next technical level to watch is a very strong trend channel floor line around 100-19.