Wednesday, July 8, 2009

893 is the number of Bounce on Spx

893 is not just a Fib retrace, it is also the retrace to the upsloping neckline. If you don't know what I mean, you may want to sit out until a true trending direction is set.

The quasi bulls are now admitting bearishness....that tells me we have a little bounce.

No time for charts tonight.

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Insightful and Useful Comment!