No replies to this topic

[mss]

Below are some charts that suggest we might be close to a short term correction, but also suggest some underlining strength. Bottom line be careful, but at the present trend bias is up after a slight consolidation. The target ranges are somewhat confusing at present as the FED's action is playing with the indicators IMO. Targets are: Top max 1022, most likely upper range 942-982, swing middle 839-879, swing lows 776-736. Key closing point is 803.34.DO NOT rule out a mini crash to 705-695 at some point in the next several weeks. [attachment=9284:nya010309.png] [attachment=9285:vle010309.png] [attachment=9286:spx010309sch.png] [attachment=9287:spx095sch.png] [attachment=9288:spx010309sch13.png] [attachment=9289:spxBSind010309.png] Comments welcome. mss