Tuesday, December 27, 2011

Hiatus

I have several evening plans this week - lingering holiday festivities etc.  Expect updates this week, if any, to be sporadic.

Market looks very much like it is about to do a 4th wave, if this is not in fact the end of the entire move up (though RSI at several time scales seems to suggest we still have a little more up left to go).  We are no longer hourly overbought, though a little more down (say, a gap down open tomorrow) would look nice.  A thrust to 1270 or so with lower RSI would likely be the top (or at the very least, the top of Submin iii of (c)).

No comments:

Post a Comment