Wednesday, March 17, 2010

As far as I can see

Both Fib projections have been met. I really expected 1162 area to be intra day top (thus my previous posts) but 1165 ish was hit. In all cases I see 1145ish next pullback zone (thanks UI!!! :) . Up to that zone technicals supports my view, below that level my gut feeling says: beware bulls, there are a lot of "air pockets" below.
Can I bet the farm on it? not really, bulls have taught us to be very respectful about their "friends" but if mkt analysis is of any indication, I'd be looking for the "winds of change "
GL tomorrow