Wednesday, May 18, 2011

Buy Buy Buy Day 3 of 6 - She's Trying to Turn

SPX still needs to break out of the down trend (down line connecting May 2 and May 10).

Its looking like a 65% rule low is in. (65% rule popularized by Oscar Carboni) Worst case should be a 1.272 or double bottom if final low isnt in. Either way, she's bullish. Buying dips, adding to longs.






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