Monday, July 28, 2008

Intraday Turning points for 7/28/08


Intraday CITs: 9.50-10, 11.50, 2.05, 2.20-2.30 and 3.25 pm

Actual: 9.50H&10.10HOD (#1 on Chart, click to enlarge), 11.45L (#2)

Markets are declining as expected.
TL support is at 1238-40 SPX.


Either the 2-2.30 CIT or the 3.25 CIT is expected to be the Low of the day.

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