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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: zigzagman who wrote (11274)1/10/2009 12:10:44 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 33421
 
The 200pt P&F chart will be very bullish if the dow can hit 9200 (bullish catapult), but I am seeing someting in the pattern that would suggest that after the next bounce we may see some aggressive selling.

stockcharts.com

Right now my DJIA target is 9600 and then down. Perhaps a rally into the inauguration and then time for the uglies.



To: zigzagman who wrote (11274)1/10/2009 2:59:53 PM
From: Stoctrash3 Recommendations  Read Replies (2) | Respond to of 33421
 
Some Fork updates:
In a nutshell, we've been in an upward biased trading range. SPX and RUT turned at some key levels. Now lets see what kind of battle happens next week as key trending support levels looking to come in play. We'll also find out if we get pulled with or repelled by some of those forks.

1200 NDX seems to be the target and a close below 1175 would bring the Grizzly out. Same for SPX 850-860 level.