HereisthelinktothewonderfulanalysisbyCobraathutong9.com,verygoodwork.
Theabovechartcomesfromcreekmmathutong9.com.[
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Thebottomisin.
HereisthecommentbyBobHoyethatIenjoythemost.[
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skflooksoverboughtonshortterm,butonintermediatetermitisoversoldandonbuysignal.itmaydrop2or3daysandprovideachancetoreload.
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It'satresistancenowforsds,shouldhaveadropback,sonosurpriseifmarketsbounceupshort-term.
However$vxochartisnotoverbought,yet,whichmeansmarketscoulddropmoreinintermediateterm.
HereisalinkforToddMarketForecastforWed.(01/14/09)
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Shorttermtargetofsdsto69-71fromthecurrent76.74basedonthis60minchart.
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iftheS&P500isinawave4,thenreadthis
ifinterestedinthereallylongtermEllliottWavepicture,thenreadthis[
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Anicechartforthetrendtrader.
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TheGold/Silverratioismovingup,whichindicatesstockmarketgoingdown.
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