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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (5665)5/7/2010 11:34:50 AM
From: westpacific  Read Replies (1) of 26251
 
Test of E on my chart; then we bounce; any bounce is a road to that target in the coming few weeks.

They may contain it today; but sellers are looking for buyers!

I would cover some shorts there as the market may then hold together for a month or so; but old highs we will not see.

And with ongoing in Gulf and Europe anything can happen; Megaphones have a history of collapse!

The Dome Roof Top is for sure in now...

Another key indicator I watch broke hard yesterday and the PF on it turned extreme bearish near term.

Until we get to the E short all pops that are strong.

West
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