So I suspect we will squirt up again with JPM then down to 1072.
After that, more upside, then hit a final low of 1060 ish for this corrective move.. all of which may take a few days, before we head up to even higher highs..
I call this the mid-leg consolidation, where we are in an a-b-c move up, and this is going to be the 'b' wave. It will be complex and drive us nuts, but it will be like a trading range... top of which I think we hit yesterday.
Bottom of which I think is 1060 ish.
I'm still looking for 1072 for the intial down
Started by
dcengr
, Jul 14 2010 02:17 PM
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