We have two Fib projections that are calling for higher highs.
April 20th is Options Expirations, right in line with our next key reversal date of April 21st.
We remain in Buy Mode as the Qs moved traded the trend line with a modest .2% move Friday. Take a look at the first Fibonacci projection, we've already broken the 61.8% mark, and I see no problem reaching the 78.6% mark for the first projection (which is almost on top of the 61.8% mark for the second Fib projection). If those marks are hit, I see no problem in reaching the 100% projection marks and forming a double top with the February highs.
After that, we'll be looking at a break lower coordinating with the 9 month cycle - that leads us into August.
For bulls only
Started by
Rogerdodger
, Apr 15 2007 10:52 AM
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#1
Posted 15 April 2007 - 10:52 AM
Interesting stuff from Jay DeVincentis at Safehaven.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.