Bill,
I have been lurking here for a few days and if I may interject my
opinion, I agree with you that the next week or two will tell the tale.
On a short term basis (15') count the waves of the thurs- fri rally, five, with the 3rd the longest. Neg. diverg. on rsi, stoch
momentum, for the final late fri afternoon upsurge. So my best guess
I'm looking for a retest of 1080 on spx by tuesday sometime. I'm not
sure its going to hold.
If it doesn't, we go to 980 area and and everyone will, including
myself, will have 20/20 hindsight and point out the nice rounded top.
If we go up, I can point out a high flag from April-June, although
I don't like the roundness to the top from mid April-mid May.
As Always, I'm talking my position, and Good Luck... the Coug |
