Quote:
Originally Posted by mact3333
as noted last week, bears are ready to capitulate...move shoud be fast to 1250-1260, the target I have been spewing for wks now....ya see, even when bears were quite giddy early last week you have to trust the charts and not fall for their traps.
1250-60 will be key, if mkts reject(mkts cant hold 1215-20), we will be heading below 1100 again...if mkts accept prices above, were headed towards 1320-1350.
1250 area is key...watch this area very very closely as it will define the action for next few months.
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Reaction off of 1250-60 now done and over with...next level is 1220 as i noted few days ago...gotta hold there or its gonna prob get ugly.