To recap, completion of daily and weekly H&S all on targets and initial confirmation of bottom on Jan25 and now, today, the big confirmation of volatility index. The trend has finally turned and casted in stone. All shorts will be burnt. Buy on dip time. OEX 660 is in sight and depending it may even go further. Some videos from some gurus were still preaching doom on the DOW and they are charging an arm and a leg for subscribers. Oh boy, in any case, if any guru is still preaching down slide...get rid of them. Mind you, pullbacks are not downturns. Anyways pivots rock, today support at 626 and rocked all the way to 642 r1,just lovely. What a buying opportunity as indicated yesterday. Ok tomorrow, 652, 637 and 628.
GOOG news pulls itself down but I am sure it will rebound and rock with the market soon.
2c
No comments:
Post a Comment