for the up cycle. Looking for continued bounce off yesterday 1443 low to 1460 today then on down toward at least 1415 with 1350s as a 2.618 extension. All we need to see now is take out the 11-12-07 low and I have a confirmed technical indication the rally from 2006 topped at the .786 extension 1552. Next week has a down bias until day after Thanksgiving.
Friday, November 16, 2007
Friday, 11-16-07
The weekly projected high at 1487 was the top
for the up cycle. Looking for continued bounce off yesterday 1443 low to 1460 today then on down toward at least 1415 with 1350s as a 2.618 extension. All we need to see now is take out the 11-12-07 low and I have a confirmed technical indication the rally from 2006 topped at the .786 extension 1552. Next week has a down bias until day after Thanksgiving.
for the up cycle. Looking for continued bounce off yesterday 1443 low to 1460 today then on down toward at least 1415 with 1350s as a 2.618 extension. All we need to see now is take out the 11-12-07 low and I have a confirmed technical indication the rally from 2006 topped at the .786 extension 1552. Next week has a down bias until day after Thanksgiving.
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