Chilly outside and chilly in the markets right here. Hard to figure how current action is fitting into the tide picture, unless we get a huge move up on monday to make the trend correct, but then we have to follow that with another swoop for the downtrend ahead of us. Dont really see that happening. So instead, it's looking more like an inversion again in this trend, then we see.
Many are thinking last fridays reversal market a low....I'm not convinced yet. Lets see what sunday night futures have in store first.
3 comments:
8/10/2010!!!
friday had me hiding under the desk, lol. but i'm STILL long and think the best of the bull is ahead of us with a massive rally going all the way into 8/10/2010, my forecast for the HIGH:
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26304207
humb....think Terry Laundry had a long term T high in August if my memory is correct. It would seem to fit being that last sept, oct was a bear flop....unlikely we'd see the same situation again, so an August high into a late fall correction works.
The fact you were hiding under desk last fryday is good sentiment stuff..:)
any of you see any likely fib dates for the low in here before rally into may 8 top, after massive trend break its usually a month or so out
jon
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