The expectation of a drop into the 1520s to 1500 was realized Friday as a mini crash on the 20 year anniversary of 1987 played out. By Tuesday the market should be stabalized in rally bounce mode with the 60 minute chart ma as resistance. This entire week should be a up bias week after some open selling Monday then a quality low the first week of November is expected.Saturday, October 20, 2007
Monday, 10-22-07
The expectation of a drop into the 1520s to 1500 was realized Friday as a mini crash on the 20 year anniversary of 1987 played out. By Tuesday the market should be stabalized in rally bounce mode with the 60 minute chart ma as resistance. This entire week should be a up bias week after some open selling Monday then a quality low the first week of November is expected.
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