Saturday, April 20, 2013

Retest coming EOM rally?

 First we have Ninja trader calling a low in the Spy.
Others to consider are new highs, railroads all turned up.

"

"The Fed is currently buying $85 billion worth of U.S. Treasury and mortgage-backed bonds every month, and is expected to vote to maintain that pace at its upcoming meeting on April 30-May 1.  "
 This I built with Gann angle boxes, and yes we did over shoot so low will be later than I thought.
I will rework this chart when time permits.

I think this is where we are with wave A in and on our way to retest the high with a failure I hope.
Copper is out of control, with other metals that
surpport  a robust ecomony  not happening I can get sober.
There is talk of a housing bubble as we speak.

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