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Initq

05/19/08 3:52 PM

#119223 RE: porter #119221

The perfect/2000 support beartrap is set. IMO
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ajtj99

05/19/08 4:42 PM

#119226 RE: porter #119221

One pattern I've found would have us move up tomorrow to test the highs from today, but make lower highs and finish up, then drop and take out today's low on Wednesday. Thursday would reverse and end at the week's highs, Friday would open up, drop to test the 200-SMA on the SPX, then move up to finish around 1445 SPX. Tuesday we'd be higher, maybe 1455, then we'd drop into the end of the week to finish May off the highs, but above the daily 200-SMA at 1428.