AI
Thursday, March 13, 2008 2:54:52 PM
airedale
we should hit those targets tomorrow, we may print a beautiful hammer candle on many indices today and the follow through tomorrow could easily reach those levels. probably higher. But watch out, I think one more violent downswing sits in front of us next week.
One added reason to tag the 1350 level, it will achieve neutral ground in terms of max-pain for the spx. As I said it will probably close much lower next week but by going that high they will have chased a lot of Puts into submission. JMHO.
we should hit those targets tomorrow, we may print a beautiful hammer candle on many indices today and the follow through tomorrow could easily reach those levels. probably higher. But watch out, I think one more violent downswing sits in front of us next week.
One added reason to tag the 1350 level, it will achieve neutral ground in terms of max-pain for the spx. As I said it will probably close much lower next week but by going that high they will have chased a lot of Puts into submission. JMHO.
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