Thursday 23 August 2007

Moving Again


Instead of pulling back the cash S&p500 only hesitated at resistance over the past couple of days. The negative Reversal I've been mentioning recently has now been officially negated and we can set our sights on two price targets over the next few days: 1470-1476 and then 1483-1496. From Sunday's "roadmap" post you can see that I favor the higher target to end the current "c" wave on Monday.


We'll see about that .... I won't marry that view (maybe only date it for a few days!); roadmaps are only good as long as they keep you on track.


Cheers.

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