Wednesday, November 7, 2007

PX - topping?

PX = 10.75 (2.4%)

PX formed another black candle with higher high and higher low.

Disclosure: Sold all of my PX at 11.

IF 11.25 is the top of this run from the bottom of 4.4 a healthy correction would be a bounce from 8.6 (38.2% fibonacci retracement), which coincidentally is at the same level of the 32MA.

Good luck to all PX traders!

No comments: