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Strategies & Market Trends : Ride the Tiger with CD

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To: SwampDogg who wrote (112572)4/24/2008 9:42:55 PM
From: Claude Cormier  Read Replies (2) of 312990
 
IMO,

$375 would be the best target for this bottom as it is where strong support is. Right on the trendline from 2001 and also sitting on the level that was the resistance of the May 2006-August 2007 consolidation.

$411 not good enough for a nice A-B-C flat from $1030.

Either way, $375 or $411... watch after that. We will be good for another big leg.. which by the way, will not be the last one.
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