Friday, December 12, 2008

Bullish cycle

Yes folks- Got to read this blog to make the big money. We bounced exactly at the 823-833 range I quoted yesterday and most importantly ended above the 864 level, a level which the bulls are not giving up on.
So where do we stand? Well all gap downs should be bought period till the end of year. I definitely think we will test that 918 level and if we break it hard, look for 976/980 a level I really think we will hit before the next decline. Now we also have another upside project much higher up at 1072/1082 level but that could be a stretch and those numbers could not be in play till after the lows are hit in January and we move into a small bullish cycle afterwards.
I think that level would be fun fun fun as everyone will come out saying everything is A ok and them BAM! we sell off like what we did this year. Nothing is set in stone but I believe that 918 level and 978 zone is calling in the S&P. Yes folks I dont post a bunch of charts and stuff on my blog like most but I will give you what they can't!, exact figures, time lines and plays that WORK!!!. I think everyone think they are smart posting charts and stuff but they wont tell you anything to make money. I am trying to give you as plain as it can be and giving play ideas before so you can profit, not like these guess who are telling you after the fact.
Watch the tech stocks and Banks in the rally as they have been beaten down badly in the down draft. I hope they get GOOG back to the $400 level so we can have fun with it on the downside next year.

Stay Tuned.
The bulls are back at least for now!

MARKETJEDI

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