Didn't Obama say we're creating more jobs?
Hmmm... If so, then they must all be bull jobs and not bear jobs as the market rallied hard today, although the crooked banks still can't seem to make a profit... even with FREE Money! Man, if they ever do make a profit, the market will be at 12,000 Dow in no time!
LOL... I'm just venting as usual, and laughing at how controlled the market really is. It has nothing to do with the real world, but instead trades off the charts only... and only uses the news to have something to blame the rally or sell off on. I said yesterday that we could rally back up to 1080-1085 area, and we did.
Are we done yet? I'm not sure, as I don't know if the print I got of 109.79 spy is real (or Memorex... LOL)? If it's a real Casper, then that should be our final high tomorrow before resuming the journey back down. It's best explained in video, as we have two possibilities now... one UP and one Down.
The upside targets are 109.79 spy, and 112.41 spy (which I believe the first one will be hit tomorrow, but the higher one might not be hit for awhile. I'm still bearish right now, and only bullish for another day or so). The downside target is Dow 8300... when? If we start falling back down this week, then within 2-4 weeks would be I estimate.