Roughly played out. The potential flag building that I mentioned, is posted there. But I guess we could see some monday selling and that will get us to the other target. Then we can get another flag
Friday, September 25, 2009
More of something
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2 comments:
Yeah, it will likely be an orderly pullback... 8-10% max?? Il kie your bear flag.
Some bears, like John on Invivo, are looking for an abrupt crash, but we may just see a sector rotation out of reflation sectors.
T.Lo was looking at the 104.35 level (Aug high) as something to watch. A close below this would invalidate my wave 4 hypothesis and we are very close, but interestingly, not there yet.
at the 10% mark, is the Wedge.
I think, we will get another little move down to my other green target. Then a flag then down to the trend line. at 10%. we should get a good bounce(maybe off of point DD ;)
Then we do something, Fail and get aversion.
John didn't get in, and wants another bit at the apple.
of course I think the fundimentals of the economy suck.
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