I put some hitches in this since it's not going to go straight down. The Third wave Target is Greater than 1446... Bounce... wave 4 then 5th wave. 1436....
It's all just voodoo, and now that I post it, it wont' happen.
we had a super bullish open.... it's hard to argue against The buying today.(by this I just mean that there is some honest buying going on. as opposed to the 1500-1470 level.
Wednesday, January 2, 2008
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5 comments:
probably a late sell off later today as tomorrow we might have anohter ugly employment report from ADP.
What's your thought?
Looks like a sell off all the way to the bell....
But, the ADP won't matter unless it's down, as wrong as it was last time, it won't be tradable....
If it's at like 40k, it will add a little to the fear, but dismissed, since it was off by 50k? or so last time
Roughly, we test 13080, (which is going on as I type) and then we should look to test 12960.....
My crystal ball is we test 13080 Bounce once(as we are) and we blow through it. Then Test 12960 tomorrow...
We have tested the highs twice since we tested the lows.... It's time to test the low.
We have already hit 13075 by now with the record high crude oil price...
wow...
gas is up 7 cents, that is the killer.
I did sort of hit that 1446 target then we bounced to 1450, now lower....
This is still the third wave, We need to catch a good bid for a Clean 4th wave, then a final 5th wave to the downside..
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