Sunday, April 08, 2007

Trying to climb a Slippery slope

Market is going to continue trying its upward journey
If world markets remain firm
Dow should retest old high
We could retest 0.618
3900+ next region to short.
3700 ish support.
Nf stops will probably get hit both ways but I suspect bulls will make more in the next week
Reccomended 3700 call for 100 target 200-250
With a hedge of short 3900 call for 30-70
depending on risk/reward appetite.


Vision=Slippery slope but sunny days ahead
5 lap race starting, weak stocks will fail after 3 legs up. stronger ones might even make new highs.
Weak=cement+auto, strong = pharma+IT

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