OK, I am back,I will post a chart with the trade points marked in, I moved data points forward from
the last posting, so you can orient yourself. There is no doubt now that the important low is in, now it can do one of two things, this can be a trap to get the last holdouts sitting on the fence wondering if they should buy or not, then a sudden reversal down, which ends the bull run from march. If the breakout is real, then the 1st target is 1034, then 1060, then on to 1080. Either result will be telling, I have moved my stop up to 1001.25
locking in 15 points profit, I am trading tighter then usual because of the over bought environment,
we have a 40 point profit at Friday's close, that's
4% in 2 days. I don't want the market taking my gains.
Notice how Friday closed strong again, you can set your watch by it.
I will post a separate discussion of XIU it was leading, it is lagging now.
There is a pattern I am watching for which will signal the move is over, so watch you emails. click to enlarge
