Saturday, September 17, 2011

Weekend Thoughts

15 Min- Repeat?
Next week pull back?
I continue to see parallels with this weekly chart that point to something potentially more bullish over the next several weeks.  Please read the notes for those simliarities.

Interestingly enough, after putting this together, I noticed that Gann360 tweeted the following monthly comparison which is short/int term bullish but potentially longer term bearish so this will be interesting to watch.

Click here for Gann360's chart.

I continue to track these weekly MAs as well particularly how they relate to the 2004 period. Could we potentially see a consolidation period for the next several weeks in the 1100-1230 range?.

50 and 200 Day SMA

50 and 200 Month SMA
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