Friday, April 4, 2008

Strange...

The numbers for Monday are exactly the same as today's, 637, 633 and 629. You can see it dropped to s1 and rallied back to r1 only to close right back at pivot. 3 dojis in a row and the sell signal is getting stronger. Target is still 620-625ish. Although, there is still a small possibility of an uptick. The market ignores all bad news. 80,000 job loss didn't matter. In recession, there will be increasing magnitude of job loss and until at such time that 200k, 300k job loss hitting consumer spending then perhaps the market will wake up.

2c

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