Wednesday, May 06, 2009 1:33:21 PM
Regarding the 10-week low, my hunch is the market drops to no lower than the SPX 840 before wiggling sideways out and around these channel lines. Then I anticipate another push toward SPX 1000 before rolling down into the 20-week low in mid-July. This is all speculative based on the seed pattern I'm seeing now. This is a fascinating moment in market history.
Let's see where we are by Tuesday.
Let's see where we are by Tuesday.
Strip price to the barest data that tells us BUY, HOLD, or SELL.
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