Thursday, January 21, 2010

Thursday

With the big banks all reporting already lets us see if the technology firms will blow out and send us higher. I am just following the trend of the last 3 quarters but it is anyone guess. Folks we have started the year in the same narrow range as the end of last year so technicals it is difficult to ascertain where we will go next.
I won't guess but I can surely say with confidence their is a 5 wave pattern completed on the upside since the March 2009 lows.

We will see soon enough.

Notice what was yesterday's lows 1125, dead on!
Next level lower if we don't break the highs would be 1110.

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