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Strategies & Market Trends : Longer-Term Market Trends
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To: Perspective who wrote (291)4/14/2008 10:15:58 AM
From: AllansAlias  Read Replies (1) of 3209
 
With indices red or flat, it's pulling hard on the rudder here as a bunch of wiggle charts have to go up or else more bearish maps come into play. A good up day here will lay a base that would see us hit SPX 1410 next week I figure.

Of course, price is smarter than me. All we can do is have a map and see if it follows. If it doesn't, we get out and re-think.

$BKX has now given up 80% of that violent rise out of the lows. I still would expect a brother up there, to go with that violent initial shot out of the hole.
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