The Black Box

[mjk]

we need an abrupt change here...down...to turn the lower bb back down, similar to the correction off the 1521 peak in dec. That's what I was hoping for yesterday, but I did reconsider and think, if we want a test of the 50sma, a break and a move towards the lower bb at 1600, then the lower bb should first move above 1600 as it is now. Then it should drift lower as we move down towards the 50sma. Hopefully this all ends up with a touch of the lower bb near 1600. Meanwhile, the 50sma just keeps going higher...

So now I'm just envisioning a gap up doji on the comp daily (today), an evening star or whatever it's called, which brings the hard reversal tomorrow and the lower bb turns. Or maybe it's time to break out the crack pipe and decide what to do next <g>.