...combines with the 5-8 week cycle which last ran 37 trading days and looks to run 35 days this time. The recent irregular topping action implies continuation and that is a return to the upside into early/mid June probably to the 1429 SPX target. I use astro, lines of resistance, charting techniques and elliott wave to determine my price and time objectives. We may see a rally this coming Thursday, so be aware of that.
blu
SPX 1291/92 Target Still In Tact
Started by
blustar
, Apr 29 2008 10:14 AM
1 reply to this topic
#2
Posted 29 April 2008 - 02:53 PM
Blu, sometimes its amazing how much your timing matches with my fractals.. but I have my rally coming tomorrow, extending into thursday morning before reversing a bit and going sideways for a while before the drop.
I think we need some more upside to get the indicators going hog wild bullish next few days.
I'm alreading seeing a lot of bear capitulation and conversion to bulls, but its not complete yet..
Anyways, good trading to you.
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