The reaction from today's high proved to be bigger than the 8-12 point break I had expected. Nonetheless, I think tomorrow will be another bullish day. I estimate the range will be 860-885. The midpoint of the range developed over the last two day sessions is 860 and I shall lean on that level in making my long side trades early tomorrow.
Wednesday, April 29, 2009
Tomorrow
The reaction from today's high proved to be bigger than the 8-12 point break I had expected. Nonetheless, I think tomorrow will be another bullish day. I estimate the range will be 860-885. The midpoint of the range developed over the last two day sessions is 860 and I shall lean on that level in making my long side trades early tomorrow.
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1 comment:
I think the next 50 pt run in the SP500 will be to the downside. MK
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