Keep 'em guessing is what Ms. Market does best, and with few exceptions that's what we've seen so far this week! There's a possibility that yesterday's rise capped off a wave of some proportion, so if that's right then evaluating the followthrough should clue us in on the significance of that wave. Since today's Friday, it'll be unlikely that we get solid answers today. My speculative swing short from when I tweeted about the possible finishing wave yesterday, I'll leave in until I determine a good target (which may now be above the mid-1140's in SPX), unless stopped out first at yesterday's high. Let's see if the indicated reaction up today has much force (given it's the 26th so possibly the fund manager's buying special), with the suggested rise - from Mike Korell's intraday Daily Maps page at http://www.chartsedge.com/wp/
=============
ChartsEdge BP
Posted: March 26th, 2010 | Author: Mike Korell |Filed under: One-Day Market Map | No Comments »
Posts
No comments:
Post a Comment