Humble1 and Swing Trading Friends Message Board

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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: Fintas who wrote (4603)	1/9/2011 7:17:42 PM
From: robert b furman	Read Replies (1) of 41060

Fintas, I told you incorrectly on my market expectation earlier today. I'm thinking we 've entered a C wave down from last weeks Friday. It should not last much more than 8-12 days and take us to the 1225ish range. That will be true if we have an irregular running flat. An irregular flat would take us to 1170ish There is also the possibility that we have a running flat.If so we'll stay elevated and go sideways to slightly up. Then later this month as earnings come out we should have a nice final wave up.Maybe 30 days - but 5 th waves can also extend and they can truncate. How that debt ceiling limit gets handled could be huge for either. So short term down followed by a nice run up - then some dwn for a month or two. BWDIK Bob Reply \| Delete \| File

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