Hi Everyone,
Perhaps I'm a bear at heart and that is why I built this trend model. What have we got that is bearish... I didn't like the fact we closed within .24 of the Spx high Friday. IF you take the high 1227.08 -low 1173.00 =54.08/2 =2704 1227.08 - 2704 is 1200.4 right at my Bull/Bear line.
The Isee seems bullish, letter writters are bullish,( all = bearish) my Parabolic (sar) is bearish, pressure, all telling me this 1173 wasn't a bottom.
Bullish thoughts well Thankgiving week has a bull history, and even with things over bought it can go higher. If Monday wants to gap should be telling.
Short weeks are pressure weeks so expect some big moves with no volume to support them.
Or the gamers week :)
I know Jaywiz at www.jaywiz.blogsot.com looks for weakness into the 29th This is on my favorite bloggers list lower right.
Steve however who have a special price looks higher with 1231 on target for Thanksgiving weekend at http://pugsma.wordpress.com
email pu_gridiron@yahoo.com
Tell him I sent you. trendsby3 jerry
Happy thanks giving to the ones that embrace it.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.