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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: John J. O`Reilly who wrote (15483)1/2/2003 10:11:14 AM
From: Bruce A. Brotnov  Read Replies (1) of 16631
 
Nice start for the new year with the good ISM numbers. Here is Raptors prediction for today:

For Thursday, a downside move is highly favored as the index appears to have completed a 5 wave down move followed by a 5-3-5 zigzag that looks complete. If true, then the next down move should also be 5 waves. A break of support near 8250 confirms the pattern and could lead the index down to a target of 8050. A move over 8375 has bullish potential but only a move over 8450 confirms more upside potential.

Bruce
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