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Old 10-18-2007, 09:30 AM
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Wide Range Bodies as S/R



I know some folks like pivot and nihabashi use WRB's as S/R levels...thought I'd share this chart of SPY. Showing a big a$$ hammer at the top of that WRB oughtta provide it some support, especially with the volume increase, right? Well, today's gonna be interesting as price is indicated much lower. Time to buy it? I'm staying put for right now, but after the first 30 minutes I'll have a clearer picture. Might be headed a bit lower.

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