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

ChartsEdge Forecast Commentary

Posted: August 20th, 2010 | Author: Mike Korell | Filed under: One-Day Market Map | No Comments »

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