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Jerry Olson

05/13/09 8:34 AM

#146976 RE: Must Be Patient #146974

lol well i would think we still have some unfinished biz at lower levels...

the euphoric sentiment was way overdone imo...

so you;re ok here till we get to the 20 ema weekly SPX...around 865-860 then we'll see if that is a bull flag or we break below it..

the weekly MOM is turning negative after being positive for 7-8 weeks, this is the normal ebb and flow of this indicator...

i wuold dearly love to see a sideways rolling correction here to supports...