Saturday, June 6, 2009

S&P - A/B Scenario with a Democratic twist

Scenario A has the Bulls rallying from the Open Monday breaking out of the 880-950 range and the inverted H&S formed over the past 6 months. Month end Target of 1050.

Scenario B - Ted Kennedy provides the "Nail" for the Bears to hammer the coffin of the Bull rally:

"Kennedy bill would make employers provide care":

http://www.charter.net/news/read.php?id=15597453&ps=1014&srce=news_class&action=4&lang=en&_LT=HOME_BUNWC00L4_UNEWS

Market opens lower and solidly back into range of 880-950. Hits 920 in first hour of trading.

No comments:

Post a Comment