Markets are now trading near at SPX 850 target. Breaking above it, the next target is SPX 1000 +/-.
$COMPX 1587.00
$INDU 7931.33
$INX 832.98
Markets have not violated the bearish scenario, yet. However, markets are showing bullish sentiment which is showing less likely the bearish scenario.
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Wednesday, March 11, 2009 11:11:42 AM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36204303
Markets are trading at pivotal resistances: Intraday HOD so far SPX 731.92, SPY 73.75, Qs 27.99 -- consolidating near at R1 which was the case yesterday. A follow-through day with the rally yesterday would provide some positive sentiment as markets are oversold and now daily/weekly indicators are showing a sign of price improvement with internal positive divergences -- targets to RST formation wave upside, Qs 34 +/- and SPX 850 +/- -- with the impulse wave, so far, in progress.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36114307
Posted by: *~1Best~* Date: Friday, March 06, 2009 5:10:03 PM
MARKET BOTTOM: SPX 683.38 0.83 0.12%
SPX 666.79
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