Wednesday, May 13, 2009


From my blog post on 5/7 -

"The turn here should be real, but it will also be real short. Those pesky support lines on the indicators may have one bounce left in them, but maybe not. I just don't see how it can continue. 890 target by 5/13 then push back up to 938 to 962 for back test of rising wedge before larger move down to 836 - 800 range (then the very healthy run up to 1015 to 1021 my targets now). Right now I am looking for this first wave to end on 5/28 at the latest and could go as high as 962, but I like 936 on the week of 5/28."

Well, it looks good so far. See my post 890 Target For This Pullback. So far so good, but will I be right from here? Looking at the daily's they will need to whipsaw and based on the EUREKA post below the banksters may not ready to let it fall just yet. We'll see. Hate betting on a whipsaw.

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