Frac_Man Fractal update for the week of 1/03/07
| Category: Daily Fractal Comment Email this entry | Print this entry Jan 5 2007, 07:42 PM
If you review the prevous posted chart for the SPX the top did appear at F5 ( 1426 ).
We should continue down into the 1400 ( F6 ) area for another bottom and potential rally for new highs.
Intermediate term the S&P should rally to about 1480 + in the first quarter.
The bears will have to wait till maybe spring ............
IF the decline develops into a sharp spike down, that would be the confirmation for F6.
Always expected the unexpected, and hence map the market and don't fit the market to a map !
Blog Update and Repost
Started by
Frac_Man
, Jan 11 2007 11:15 PM
No replies to this topic