Carl,
How about the possibility of a "Zig-Zag" for the S&P futures, and an expanded flat for the Dow, simultaneously during the 4/6 - 4/27 period. You know you could make it fit if you really wanted to <g>. Thus far, price action over the past few days is working nicely in line with this scenario. You know it...I know it...and the American People know it!! :o)
I believe we finished (A)down of (2)down of [3]up today, and the late day rally was part or all of (B)up of (2)down. Since (A)down took 1.5 days to complete, I would expect (C)down of (2)down to run well into Thursday afternoon, with 1106 to 1108 having a good chance of holding on an intraday and especially closing basis(If they fail to hold, EXTREME CAUTION is advised). From there, I believe we'll begin (3)up of [3] up, carrying the general markets up to new highs into the middle of May, with 1155 a minimum target.
Regards,
David |
