Thursday, March 08, 2007

THE WORM TURNS

DOW (should be resistance)

100 EMA 12,283
.382 Fib 12,329

12,247.40
12,353.47
12,650 ish

As it looks we have similar setup to JULY bottom!!! how could that be?? series of 80-90% down volume days and now we have had one 90% up day, and today has good chance of doubling that!

World markets appear to have gotten their footing back, lost their fear already. VIX shedding points like SUMO wrestler in steam room.

ANother 90% upside day could set stage to challenge previous highs, as strange as that seams to me.

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