11 replies to this topic

[Rogerdodger]

It fits with the Great One's prophecy for:

Consolidation yesterday, more upside then a pullback.

EDIT: The 1510ish target is not mine but suggested by others.

about the same place as before Monday drop

I know!

The interpretation is the hard part.
I saw this VIX chart today and thought tomorrow may be a consolidation day.
See the green arrows.
Notice the cross of the VIX:SPX 20 dma.
That is bullish and I think we move up a bit more.
Then a retest in a week or so (like the end of August retest)?
The market will tell us.

http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=6&dy=0&i=p89286421387&a=27927380&r=4422.png

Maybe too many others are waiting for it?

I always second guess myself because my personal sentiment should always be faded!

Edited by Rogerdodger, 30 November 2007 - 01:25 PM.

[sglasson]

We've got a day or three to make the top.

I like Mon sell, and maybe a reload on T-W, week of fed & WWW - good luck.