Tuesday, March 25, 2008

The market should come down soon...

It seems that the bulls are stubborn but on the other hand it is always the late comers that will get hurt. Tomorrow's numbers are 631, 627 and 624. You can see the numbers narrowing and is an NR7. So break out is imminent. Which way will it break out? After close to 1000 Dow point rise, your best guess. In addition, we have Durable Orders and New Home Sales for tomorrow. A check or comparison to previous chart patterns, down drift is at hand. It will be very surprise to see continual upward movement albeit very good news.

2c

No comments: