Tuesday, November 18, 2008

late day rally dow well over 8300 but S&P at 860

still a possibility that today's late day rally is a small 'c' wave of a 2nd wave of a 3rd wave down with 847.50 and 835 and 825 futures the breakdown levels and 881 the wave 1 beginning point

resistance at the 86950 high hour yesterday lines up with a 78% retracement of the decline from 881 to 824

fortunately traded long eminis and dows futures most of the way up from 835/.8280 to 860/8440

EBS traded strong into the close and I tried to get a late day buy off but was 15 seconds late
watch tomorrow for closes over $21 to get this market leader running again

OSIR and QCOR and ABT in the bio sector

ASEI holding over $70 with a $93 Point & Figure target

over the past 30 trading sessions gold and silver have been relatively strong

DGP and DBS Are the double long ETF's to trade when Gold closes over $760 and Silver over $10.64

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