The market did open weak and remained weak on very low volume Wednesday. The down turn should continue on down toward an alignment with the 60 minute chart and 120 minute lower bands with 1510 about as low as it will go by Monday. Once we have a quality low buying for the run at new highs is expected. Once price is trading below the 120 min average at 1532 the 1524 and 1513 bands should merge somewhere near 1515-1520 areas.Wednesday, October 3, 2007
Thursday, 10-04-07
The market did open weak and remained weak on very low volume Wednesday. The down turn should continue on down toward an alignment with the 60 minute chart and 120 minute lower bands with 1510 about as low as it will go by Monday. Once we have a quality low buying for the run at new highs is expected. Once price is trading below the 120 min average at 1532 the 1524 and 1513 bands should merge somewhere near 1515-1520 areas.
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2 comments:
Larry: your comment regarding Low on Monday; since Monday is a holiday, would that mean Tuesday is probable for the low? MDW
Monday is not a holiday for the stocks, just the Bond market.
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