Friday, March 28, 2008

Monday will be a repeat of today....

We are short term oversold and nearing the Fibonacci 62% retrace of the lows on the 20th (on the $NDX) so an unimportant bounce is likely Monday, followed by more declines. Next week will be a good one for the bears...

1 comment:

john said...

Mark,

thanx, closed my positions and waiting for a bounce. Boris has a turn date coming up and there is a Bradley date around 7 april.