Friday, April 9, 2010
The SOX weekly is on of the final missing links as it will next week count a 13 and 9 at the weekly Bollinger the chances are very high at least 90% that market turns next week as the synchronization also refers to daily counts completing. Sentiment has reached very good levels with Rydex at .95 and ISEE around 160 for a second day. A close at weeks high at the high of the current upleg does also confirm a very upbeat sentiment. have to check contract changes over the WE to confirm. Its about time to switch from DEFCON 1 to full force attack next week on the short side. The last hour buying is a perfect matter of PPT and manipulators forcing market up but the reality of the earnings season will put a different spin on events.
Posted by getagrip at 3:15 PM