Friday February 22nd
8:23 am
There is a bottom pair on a 60 minute chart for the SPX
And the 2/21/08 10 minute bottom pair also appeared at the close
This means a prelude to a strong rally .... today
Yesterday's top and declined was the result of the 2/13/08 30 minute fractal generator
Strategy is to go Long today within an acceptable point set
Last week I stated :
Fractal Trends :
Intermediate Term: Bullish with a possible test of the January low.
Next Week : Bearish ....... expecting another sell off ( pretty much the case on this shortened week )
That's 4 out of 4 weeks on the mark < for the weekly fractal trends <<
Next Week should be Bullish based on the 8/4/04 fractal Instance ( 2/25/08 )
