ZEEV: we may see 2040 by tomorrow Any chance we will see 2012? Looking for a bullish hammer with 2012 the bottom of the B wave off the DEC top. That's where I am planning to load the truck.If this happens then I will be looking for a 300 point run to 2312 before end of MAR. You see any way this could happen -- or am I totally out to lunch? Thanks. RANCH
As I posted yesterday after the close we need to bounce or churn and it appears that we get that at the open. However if naz 2050 is tagged then before all the wiggles are out 2030 should also be tagged, then we see where we are. I still believe that ex wiggles the $compq wants and needs to test 1960 ish. So far the dow is the stronger animal. I'm not totally bearish or bullish, just cautious here as we flirt with which way we break. One thing that always bears watching is when either summation index crosses back into either negative or positive movement as did the $nasi yesterday slightly. Often those moves are immediately reversed the next day. We will see in time.