Monday, August 11, 2008
3 Major CITs, 3 Major Lows
3 Major CITs, 3 Major Lows:
In the last couple of posts, I had 3 Major CITs, which produced 3 Major Lows:
7/15 Major Low ("1 " chart, click on chart to enlarge), 8/4 2nd Higher Low most recently the 8/8 3rd higher Low.
We have entered the Olympic festival Mood. This is very bullish along with crashing.
The NDX/QQQ is leading the way breaking UP and away and rallying off its long term Up Channel support. We should be much higher by the end of the Month.
It is time to be bullish...