Replies to post #5556 on Short Term Trading Member Forum

[tekprod]

Bradley Turn "...on Schedule" courtesy ChChi2 from his IH Board:

Posted by: chichi2
In reply to: None Date:12/27/2004 6:20:19 PM
Post #of 17232

Blustar: Bradley Turn Right on Schedule!, Two Targets: SPX 1173-74 & 1184-85

blustar Today, 10:26 AM
From: Hendersonville, TN

According to the rule of rising wedges, the SPX should go back minimun to where the wedge began and that is 1173-74 by Dec 31.

To make a running correction we would have to hold 1184-85 by Jan 3.

The 20 day Bollinger Band holds support in the 1173-74 area.

We are in the area of a 10/20 week low late this week/early the next.

The 8 day is due Jan 3 and the three week Dec 28-31.

Could be we finish right at the low Friday, we'll see."

tek