August 28, 2011

S&P 500 Weekend update

  • Numbers to lookout for next week are 1121 and 1208
  • An early clue may be given by the triangle pattern. Being a triangle one may see whipsaw before the big move happens.
  • Once price crosses 1208 It may target 1250 - 1258 level.
  • If it is below it 1121 then we will see 1101 and if it sustains below 1101 another big move in favor of bears can be seen.
  • GOLD MOVING UP AGAIN
  • MSFT BUY SIGNAL

By at

2 comments:

  1. zstock7.comAugust 29, 2011 at 6:26 AM

    i managed to predict the very bottom of SLX on friday---woot...+5% , calls +60%

    ReplyDelete
  2. zstock7.comAugust 29, 2011 at 6:28 AM

    i forgot what triangles are supposed to do. i guess in an up market, they break to the upside. hehe...

    ReplyDelete

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