Monday, December 8, 2008

Still bullish after pullback

I am still thinking we go higher from where we are after the pullback. I am definitely looking at the next target area to be 975 and 10000 level on the DOW.

Note I am not bullish overall but just analyzing this as a short term correction in a bear market. What negates this analysis is a close below 860 area, so we must defend that area.

Also I am still expecting a low in January to be set in place medium term

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