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User Info SPX 5-3-5; entered at 2007-12-01 13:33:36
Yogibear101
Posts: 1976
Registered: 2007-11-30 I don't need this ****
.....I was under the assumption this week would be up due to end of month window dressing. Not any sort of wave counting excuse. That the SPX H & S pattern hitting nearly the exact JesseL downside target before bouncing was a technical gift to bulls and bears. There's a combination of multiple indicators and experience one needs to draw upon to determine what's next. Thinking like a criminal would lead me to believe "they" will push the indexes higher in the next week. End of month and first of month inflows will show up next week. Those that control new money will seek to exploit it thru selling last weeks securities in a classic 'gotcha'. Settlements from Wednesday are Monday. It could be a gap up and instant sell off or we could be looking for a new high on the move. Remains to be determined based on market action.
2007-12-01 13:33:36