Yes folks we going to get one more push based on the shorts giving up and that will be it. I am thinking it might be worth around 400 Dow point or so but who knows. This last 6 weeks have been the craziest market I have ever seen and everyone who I talk to professionally repeats the same.
Now we look like we want to edge out a higher range on the markets and believe me I dont mind as the higher we go the more playable it will be when we are finished with this wave 4 chopfest. I am looking at some plays here BUT as I said we finished this week exactly where we ended last week so what is the sense.
Have a great weekend and this weekend I will be posting some charts again since I am feeling much better.
MARKETJEDI.
P.S. By this summer this blog will more than likely be no more but will be transformed into website format so we can implement a number of new initiatives.
Stay Tuned
Saturday, April 25, 2009
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