pheonix -- let me try an answer. Merlin has the shape of the week right so far, but not the magnitudes, and that changes everything, seems to me. For instance, if he is off on the bottom by 75 point (as he was on the top), the dow could hit a low around 8300 which could satisfy a lot of people's "c" low (though many are looking lower). If it happens to come early in the day tomorrow (i.e. the first part of his day inverting) then it might look all the better, at least to me.
Whether it's X or c, though, looks like forecasts are calling for a little more down, at least. With unemployment before the open, then leading indicators at 10 and philly fed at noon, the market will sure have lots of chances to react, if it so chooses, that's for sure. Will be interesting once again.
the freep |
