Friday, May 28, 2010

5/28 3:35

Stock market has not rallied enough to
a) work off oversold condition
b) "look right" to correct a move as large as wave 1 was. 
Even though I1 starts accelerating over the holiday I'll still wait for more move.
Critical resistance has held at 10,263, so if this holds Tuesday I'll seriously look at shorting because this wave 2 should go in a hurry.
The Weekly will come out tomorrow as the software is not quite perfected yet, but the enhancement for isolating high-percentage long-term trades will be there.

2 comments: