John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (9572)	6/28/2008 1:21:40 PM
From: Stoctrash	Read Replies (1) of 33421

John, Next week should be some fun...yowzer... If the Dollar and oil can rebound a bit we should see some good (but short lived) short covering in US stocks. Here are some quick SPX forks I slapped up. Lower weekly targets 1200-1170ish...rebound rally maybe 1320-1340ish. I closed some puts on Friday...but still riding SDS and some gold. I'm thinking close my SDS on early weakness and reload on any meaningful bounce next week. 1240-60 might find support too. 1280 and 1290 center tines(pink & yellow) could prove to be magnetic also and frustrate bulls and bears the next few weeks. I'm kinda thinking that's what happens...but then again we could crash too! <GG>

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