fri arvo selloff, page-19

re: market top indicator Call for this week,

Monday will open down some 45pts-ish , and rally upwards all day as morning shorters cover and loose money lol - fundies will see the market as cheep

Tuesday - will probably be where the fireworks begin. DOW is very close to breaking down atm. Earlier comments were strong resist at 11160 - this has been cleaned up with last nights low 11108, if 11100 is broken next stop imo 10950.

Member at another forum has highlighted the fact that 8 of the last 10 Tuesdays have been negative - coincidence hmmmmm What can we extrapolate from that?

None the less if we do "correct" it could well only be 150-200 points. 5000 will prove to be a very stubborn resist for the xjo.

however as a side note, the latest xjo rampage has been unlike no other in the recent years imo ; which could be seen as a blowoff? Mclaren calling for a 19/4 top ( I think, same as JC)?

these are just my thoughts - helps to write them down.


Courtesy of www.flirtforfree.com LOL