Thursday, June 18, 2009

I think we still have some upside left

Today's high came in right at the edge of my target zone. Certainly there could be some arguments made for an end of wave 2/B at today's high, but the move off of the high just doesn't sport an impulsive move (at least yet), so I think we may work our way higher during options expiration day. I wouldn't be surprised to have us close near tomorrow's open to give a daily doji pattern with a gap down on Monday.

1 comment:

  1. I would like to welcome you to post your charts and musings alongside "Mortie" on my website.
    Just click on "Open" at the top and register. That way between you, Mortie, and Mr. Trader, you can bounce your ideas of each other as well.