I feel like the market tried to correct on friday, and things are so aggressive that friday, they just didn't bother...... Seemed like one of those "we know this correction is coming, lets just skip it and move ahead."
the wave forms I'm reading.... called for a Pull back, and we didn't get it.
My impulse is to say that we are going to launch to the upside....... Question is does that mean we are going to pull back Via, the "george costanza theory.?"
It will depend on oil..... but oil hitting that 120 support level, and holding a bid, is in my model.
Monday, July 21, 2008
The week ahead
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