Tuesday, January 8, 2008

Just heart breaking...

to see a perfect opportunity for the bulls to take charge and was wrecked by heresay. It was so close. Since it closed today at 651 which is very near s2 of 649, there is a very high probability for a rebound tomorrow. The numbers are 664, 657 and 644. If it closes above 657, the bulls still have hope, espcially Helicopter Ben will be talking on Thursday. Bears be careful here, since it is the eighth day without a bounce, longer than the November down draft. The daily H&S is finally complete and EW wave4 should begin and should be a quick one to 679 max. After that probably EW wave5 down to fullfil the weekly H&S to March low.

2c

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