Friday, January 15, 2010

Where we will launch the next bull leg?

Admittedly as a bear, unfortunately a wounded bear since last march, the turn today had been a good relief, especially after the frustrating grinding up over holiday.  But I'd learned that tries to look to the all sides possible will keep one, especially a bear, lives longer in this market.  Here is a chart that looks into bullish scenario that may occur in the coming week(time sensitive IMHO).  Any bearish scenario may have to come after next week since the probability we break 1100 level is very small at this moment.

Here is the chart and have a good long weekend!


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