Monday, October 20, 2008

market continues to consolidate after huge losses

the S&P has continued to maintain its range between 1000 and 900

today the rally could have completed its push above 975

closing back under 950 will look like the retest of the lows at 850 are underway

EBS made a higher high above $17 and needs to keep building towards the point and figure target at $30 ( a double from the breakout)

1 comment:

mark said...

not bad

needs that close under 950 to confirm otherwise a swing back up still possible to screw the early bears