Tuesday, August 25, 2009

So far according to plan...

I love it when the market follows the targets the way it should. Not to say it does very often, but every once in awhile. Of course, how it gets there can sometimes throw you off. Now, all I need is for price to break the lower trendline, and we should have confirmation that this bear rally is finally over. But if it holds, then the market should have a shot at 1050 before rolling over. A gap down tomorrow should kick off selling, and I would expect the gap not to be filled. A break of Monday's lows will give us a bearish bias the rest of the week, so let's see it happen tomorrow morning.


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