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To: rcksinc who wrote (6148)4/10/2008 11:49:04 AM
From: skinowski  Respond to of 41420
 
Alternatively, the decline from the April 7 high of 1386 was a three-waver, and today's action is already overlapping with the low of the first leg down. 'Bout 1370 is important short term "R". See no particular reason to be bearish in the short term.... unless we begin to linger under 1356 or so.



To: rcksinc who wrote (6148)4/10/2008 12:39:04 PM
From: Moominoid  Read Replies (1) | Respond to of 41420
 
It's a new move up IMO. I expected it Friday/Monday based on my modeling. As often happens it arrived a day early :)