Tuesday, August 17, 2010

Time for a rally?

Hindenburg Omen Crash, Crawford Crash, Nenner calling for a Crash, etc. etc. Bears all over the place. Is it time for a rally?

I had an 8/17 double Geometric and Solar CIT, ideally today should be a Low, before we rally the rest of this Option Expiration week.

Intraday today, we should see a 1st hour High today and decline to a midday Low of the day, where I have an hourly CIT. There is also a possible hourly CIT near the close today/Open tomorrow that could be the Low.

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