Abet Chichi2

[chichi2]

Chichi2 Comments: see George's question, in Replied2Post,
it seems of all the forecast i had right, i inverted the beginning of the one you picked. Right now, our ST worry is what will happen early next week, particularily Monday and Tuesday. This being an Option Week i suspect the rest of the week will be Flat or Up, a little.

the worry is we still have gaps to fill, Now there is one overhead on most Indices, and we already know of the close-in ones below. 60 min charts show most of these fairly well, examples NDX and Nasdaq charts. 60 min charts for SPY and QQQQ show these gaps at approximately, completely filled at 132, and the upper gap is at 135-135.5; completely filled at 44/43.5 and the upper gap is at 45/45.4.

i am more unsure of next couple of weeks as i would suspect of intervention will cut down what i thought to-be a rocky period. I has suspected May markets to improve with the thoughts of infusion from Refunds and Rebate checks.

FWIW, i believe we had intervention up to April 7, for those four days of near Flat action ends each day, when the intervention buyers dropped out the markets dropped.

Right now, i am persuaded that SPY will nearly hit 132, before this is over, as that would be a 50% retracement for it and $SPX.