He posts with such conviction I used to believe him. Now I just have a quiet chuckle.
Subject: re: monday spi Stock Code: XJO - S & P ASX 200 Index Posted: 17/03/07 16:42 Hotcopper Radio: XJO on BoardRoom Radio Posted By: gann45 Views: 389 Post #: 1636514 (In Reply to msg #1636495 from 62strat) Sentiment: Buy IP: 58.164.xxx.xxx Voluntary Disclosure: No Stock Held I think in hindsight its going to be obvious. Just look at the chart of the S&P 500.
The initial rally from the 5th of March couldn't get passed the high set after that large fall, the rally started on the 14th couldn't get passed the lows formed at the peak around the 9th of March.
And then you have a clear indication of this by Fridays night decline, its simply got a lot of hidden downward momentum thats about to be made obvious.
I am certain Monday should be a bad down day as I knew what happened when the markets fell on the 13th and its the same setup, just at its strongest point - actually passed it on Monday.
Rest of the week should be a good flip flop before futher heavy falls on Thursday/Friday.
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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