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Sunday, January 11, 2009 3:11:12 PM
1/10 Week-In-Review: Update by thechartpatterntrader.com Maurice N. Walker
Excellent detailed charts and extensive commentary update.
I expect prices to aggressively rally back up to key resistance on the daily charts on into the last week of January, shortly after Obama's inauguration. Then that I expect the forces of a negative 4Q of GDP to take it's toll on the market, and smother this rally at resistance. I plan on exiting my long ultra proshare positions before 4Q GDP is release during the last week of January. Usually it is released the last trading day of the month.
For detailed charts and extensive commentary:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808
George.
Click on "In reply to", to see any past commentary.
Excellent detailed charts and extensive commentary update.
I expect prices to aggressively rally back up to key resistance on the daily charts on into the last week of January, shortly after Obama's inauguration. Then that I expect the forces of a negative 4Q of GDP to take it's toll on the market, and smother this rally at resistance. I plan on exiting my long ultra proshare positions before 4Q GDP is release during the last week of January. Usually it is released the last trading day of the month.
For detailed charts and extensive commentary:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808
George.
Click on "In reply to", to see any past commentary.
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