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Jerry Olson

01/05/06 7:05 AM

#68532 RE: Justa Werkenstiff #68531

Justa

here's the Fibo projection of the SPX with target

http://www.buyitbuyitsellitsellit.com/OJ1.gif

perfect buy off the 50 day like most of all the indexs..they either touched the 50 day and or the 38.2% retrace off the Oct lows Dec highs.

what with seasonality and earnings just ahead things look higher for sure...
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Justa Werkenstiff

01/05/06 9:44 AM

#68546 RE: Justa Werkenstiff #68531

Market: FWIW, intraday overbought sell signals on most averages. Lines up with a lot of things.