Wednesday, February 18, 2009

6:24AM PST THE PULL BACK MAYBE ONLY 61.8% TO 967


That level coincides with the bottom white up
trend channel line, but it could easily go to 96630 (75%) or even lower as this run up was not that strong and as it sells off, inexperienced traders will panic and start selling.
Bonds turning up, Dow dips down, but is moving back up, Yen sinking rapidly, Euro leveling out
Oil inching up to the 35s.
Dollar up to .8808