Hi Jeff, that is wonderful charting and 'as good as it gets'!! Well, you have been incredibly right with the tops and hope the streak continues; where do you see the near-term bottom on the indices(g)?
No guarantees that the highs are in but it sure feels right to me. a follow thru day tomorrow would make life too easy so we probably wont get that, but it would be nice confirmation.
60 min charts are sold off enough now such that we could bounce for a couple days and maintain a bullish bias. they would also allow for more downside and give the charts a bearish tint. no predictions on manana but i held my -2X NDX short fund and 1/4 of my spx puts just in case this is the real deal.
dow 8800 vs actual 8869.3 spx 930 vs actual 935.0 ndx 1080 vs actual 1104.3 nas 1460 vs actual 1467.3
as a result of the enthusiastic markets on monday my targets that were dead on dont look so good now, but at least nas is now close (ggg). steve
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