http://13i.imgshare.us/jE.png
it showed 3400 as upside target (if we were to make a top around the end of april, a little higher if the top comes later). Soon after breaking up the shorter resistance line that had worked containing prices since March 2012, the nasdaq pointed down placing what seemed to be a bull trap (the chart was drawn earlier and the bull trap is not evident lacking a few bars). But then it reversed to the upside again and broke up the same resistance line which makes me think that the market manipulators are devilish to say the least. Now it seems and I underline the verb, that it's time to get the real target which is area 3400, possibly slightly above. Possibly mid May for our time, of us bears ? Personal thoughts as usual
BTW...............in March 2012 the Nasdaq marked 3200. Actually below 3400...............................where's all this bull we are talking about here in this forum ?
Edited by andr99, 01 May 2013 - 09:52 AM.
