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Pollees Still Bearish, I Was Looking For Slight Upmove


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#1 blustar

blustar

    blustar

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Posted 14 January 2008 - 10:11 PM

Ideally, the 4 day cycle should take the market down tomorrow, but the RSI suggests higher prices first. Any move to SPX 1435 would be suspect this week. 1364 is still my target for Jan 22/23. I was looking for slight up move to day, but it exceeded my expectations by a few strokes. The PPI data will likely be the catalyst for any move tomorrow. My system says stay safe and do not bet. Too many confusing contra-indications.

Blessings,

 

blu

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#2 blustar

blustar

    blustar

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Posted 14 January 2008 - 10:50 PM

Still looking for SPX 1219 by early,mid April, the 22 month cycle low. Any rallies likely to be resisted in the 1470's in early Feb.

Blessings,

 

blu

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