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To: Salt'n'Peppa who wrote (185955)10/12/2014 1:49:31 PM
From: Sun Tzu  Respond to of 206116
 
We are discussing different kinds of bounces. Mine is more akin to a dead cat bounce. So technical recovery will not be apparent.



To: Salt'n'Peppa who wrote (185955)10/13/2014 3:02:42 PM
From: Jacob Snyder  Respond to of 206116
 
<RSI shows a steady down channel trend>

Yes. I was prepared to buy today, but the 200dma in SPX, INDU looks like it is failing. Now I'm waiting for RSI 30 on the daily chart. Also waiting for $80 wtic.