1 hour ago
Spoke too soon
wopr
at
4/20/2009 04:56:00 PM
No quicker than it took me to say I felt a shallow pullback was more likely did the market make me think twice. Originally I stated 836 as a shallow target, and even with today's close at 833 it's highly probably we go to 812, 800 and 780 as likely stopping points in this wave. However, we need another day or two before making that determination. We are oversold in the very near term so a bounce sometime tomorrow is likely. Targetting 855'ish as a possible top, with resist at 845 as well.