Wednesday, January 14, 2009

Another Fractal





This patterns stamp is higher highs and lower lows. Eventually it can break out to the upside and not look back for quite a while. We shall see.

Important support on the SPY's around 85.20. I can see at the moment that these levels are being bumped up against in pre-market activity. Warrants a trade. Adding another tranche of sso @ 23.60.

I REALLY LIKE THIS MARKET HERE.

O.K- stop cheerleading, it's bad for the soul.
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