Friday, April 23, 2010

4/23 10:30

Stock market making new highs in accord with I1.  I don't think this is a runaway move, but that the market will chop higher through next week (figure 200 points DJI).  Hopefully this will swing the technical composite to -22.
If the market breaks support before 4/29 it will signify a major move because I1 will not have been able to hold it up.  I will be swinging for the fences during declining I1 from here through 11/15. Will go long into the projected 8/15 rally top if the market collapses into July 2.

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