Tuesday, May 25, 2010

Right to S&P 1045 - Like a Magnet

And who says every "investor" (or algorithm) on Wall Street is not following technical analysis?

So here we are at, give or take a point, February (and yearly) 2010 lows. If this level can hold great calls of "double bottoms" will be heard through the universe.

p.s. there is now a 5 point gap to the upside between today's open at S&P 1067 and yesterday's close at 1072, which I'd expect to be filled during the next "1.5% gain in 15 minute rally". 1072 is about 2.6% higher from here ...

However, there is always a silver lining.. my Dow 10,000 hat is never going to go out of style ... a decade old and still kicking.


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