New Moon Reversal Today?
#1
Posted 13 August 2007 - 08:00 AM
I remain in cash and waiting for the next high odds set-up.
#2
Posted 13 August 2007 - 08:14 AM
4Q resistance is Friday's top near 47.84 (or thereabouts). Gap up and new moon reversal (to me) points to a move back toward 47 by Tuesday. If Friday was the bottom everyone was looking for, then a secondary low would be expected for Tuesday, and an important buy point for the rest of the week with a target of about 49.30's by Friday.
I remain in cash and waiting for the next high odds set-up.
Blu,
Today is Monday. You were expecting 1408 to be tagged today. Are you still expecting it or you think we have bottomed ?
#3
Posted 13 August 2007 - 08:27 AM
#4
Posted 13 August 2007 - 08:38 AM
#5
Posted 13 August 2007 - 09:08 AM
...we have a gap and Goldman has provided the "go"....I wouldn't be surprised to see 1500 ES today. If it's going to turn down it will be from 1470ish....above there...1485...then 1500
nice call on 1470 TP, not a bad thing though...