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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