Friday, August 20, 2010
ChartsEdge forecast commentary for 8/20
Be aware that there are reasons to expect a positive movement next week and into the end of the month the following Tuesday. Based partly on ChartsEdge and also on Terry Laundry's T Theory (Tm); and there's the usual new month, new money effect that would incent many to try buys from the right low. (PS did you notice the Dow was down a Fibonacci 144 yesterday?) We must remember that $SPX 1060 is one of our biggest numbers so maybe it'll have an effect even if only for some trading days.
Thanks to Mile Korell, from his webpage at http://www.chartsedge.com/wp/
=============Mike Korell | Filed under: One-Day Market Map | No Comments »