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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Tuesday, April 21, 2009

SPY action for today and forward


First the chain of 30 minute lower lows will continue until a lower high is made.

Second the market may rally back to 85 or the underside of the uptrend.

Third continue the fall to 760

This may take one day or the rest of the week or month. The longer the duration the bigger the Bull case for recovery gets.

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