Thursday, March 27, 2008

Mar 28: 60-min chart reading


Now we have a short term up channel. In the next few days $SPX may go up from 1320 to 1360. If it doesn't bounce back from 1320, the previous down channel may be back in control and we will see a new low.


Same as $SPX. On Mar 28 DIA should go up, otherwise we will see 122->120 again.


Let's see tomorrow if XLF bounces back. If it doesn't my SKF will reach the target earlier than expected.


APOL will go down.


I think CMP will go down to 56. The gap at 47 will eventually be filled.


RMBS will go up.

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