Well there wasn't must effects on the Swine Flu on our markets today. We just bob and weave as usual for a nothing day. It will be interesting how we move out of this news as if we grind higher that would imply this market will go higher.
For those who don't sleep in the nights like myself I will be watching if we break that 850 area. Today I was in much pain and missed some sell signals which proved profitable but I wasn't in, so I move on.
There should be some support down by 848.50 overnight but that doesn't mean they wont crack it lower. For tomorrrow I would love to see a much lower open then we bob and weave and head high. I think a move like that would be bullish but if we sell down to the 837 and dont hold that would be my first sign that the bears might be coming out the sleep for the last 6 weeks.
MARKETJEDI
Monday, April 27, 2009
Upside Projects
I have upside projections now to 906 on the S&P and 8450 on the DOW. Do we reach there on the next push up after a rest??
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