1 reply to this topic

[ZIDANE]

Whatever you want to call it, it matters not. No bottom in sight yet. As expected, the bounce from just under 2500 took us to last week's high, but I must admit, my 2575 +/-25 target was somewhat exceeded. That aside, the countertrend bounce is over and da bears will take us to new lows, I.E. a breach of 2492 is coming soon. 2362.50 is the first area I will be looking for a potential bottom. Realistically, that bottom may come somewhere in the 2200's.

[linrom1]

Whatever you want to call it, it matters not. No bottom in sight yet. As expected, the bounce from just under 2500 took us to last week's high, but I must admit, my 2575 +/-25 target was somewhat exceeded. That aside, the countertrend bounce is over and da bears will take us to new lows, I.E. a breach of 2492 is coming soon.

2362.50 is the first area I will be looking for a potential bottom. Realistically, that bottom may come somewhere in the 2200's.

It's a full fledge bear market, and are we still almost at the highs.

Escape from New York while you still have your head.

Edited by linrom1, 09 August 2007 - 08:11 PM.