i'm in the bull camp right here, and have been since 2 Thursdays ago...that day we had an outside reversal day..and bought the lousy HD news too boot..
everything i'm looking at is bullish, on both P&F and Daily Candle Charts...
i think there could be a confluence of events again to pop this market higher..i am watching 936 SPH3 first...9100 DOW--1460 COMPX--800/805 BKX--350 SOX --1100 NDX ETC..
if we take these out we'll test 954 spooos the Dec 2nd top..a break of that takes us up to 990/1000 my ultimate target...
lot's of if's and's and butts<g>...but the seasonality and sentiment right now ahead of earnings is very bullish..
how long it lasts is anyones guess...
The BP Semi is 1.54% away from reversing back up..that would be a big positive for the sector and the markets...
i was looking at a lot of charts of stocks i trade they are very bullish right now...and it's not unusual to be that way ahead of eps...now they have to show us the money..
what really nailed it for me was how well the market took that empl# on Friday..any other time frame and we tank 300 points on a report like that...
If by the end of next week we did not have at least one Dow day up 300 and one Naz day up 40, I may have to scrap this model and go back to the drawing board.
I am assuming that 260 points or whatever we had on the DOW is close enough. Thanks again
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