Bill,
Scary, but I agree precisely with that very scenario, except for the BK, I think we already had that. Last Thursday the markets had a recovering rally where the DOW recovered 100 points in about five minutes. On my charts, that remains as a significant moment, something like a gap. I'm looking for a rally to above 8150, then a retest of the area where there are four or five closes all bunched together just around Thursday's close, then a continued rally upward.
I think that once, and if, the DOW every sees the old highs, we'll likely sell off again, but just back to 8400. Of course this is just conjecture, but, heck, I can dream...
GZ |
