It is not unexpected, but definitely not exciting tape.
However, what was important is the fact TF hasn't made lower low today - so still less probable that 1199 retest would happen. (yes, the actual low was 1198, but I am referring to SD level 1199-1200).
As I said, patterns say it can do more like yesterday or today a few more days, but I doubt Santa has that much time to waste. Other than usual position management, I am still holding my long for the next week.
One notable thing I witnessed this year is most of our members show their position managent. If you think about it, you don't see that much in other places. That's big encouraging sign to me. Many of you are natually talking about the patterns YOU found yourselves and we witnessed how valuable they are. It's not Joe's Head & Shoulders after all. Behind the scene, Pata and Nam sacrificed their time and efforts to keep this community and many members are emerging this year. Even if we cannot share everything in this public blog, some day we will do that for the rest of this world.
Wish you and your family the very best, and hopefully we all have better year in 2012!
