Re "BIG RALLY THIS WEEK"

Just Good Ol' Fashion Charting and Technical Analysis ......lead to this forecast below.

BIG RALLY THIS WEEK....

Let's see if we can in fact stretch it into Tuesday.

"Feb 19 2008, 12:42 PM

chances do look good...as good as they have for some time...going long.
best part if you are a straddler you'll know quickly and make some good money.
just be safe it is still a bear market."

"Feb 19 2008, 01:00 PM

If we can't squeak it out this week ...i hate to say it but maybe into Monday or Tuesday of next.
I hate thinking I need to wait that long but this is how the game is played..
I'm looking specifically at the RUT for my analysis but.....if it does come about a glance at the S&P says ..
maybe the SP can hit that upper trend line area of 1379"

Enjoy

Edited by Mr Dev, 25 February 2008 - 02:02 AM.

Those charts of yours certainly do look convincing. Are you expecting a pullback or restest of Friday's breakout? I am looking long myself, but these levels are not very inviting.

Well as we see the RUT is Up at the highs +1 % and leading the markets higher...I try and predict the short term well...not to concerned with longer term as it has more variables and harder to predict.. that said still looking into Tuesday for anysigns of weakness ...right now we don't have any.... convincing or not two weeks ago 65k found me,.. then last week 25k,.. and today what do you know... I'm up 10k ! safe trades

Edited by Mr Dev, 25 February 2008 - 10:37 AM.