Wednesday, September 16, 2009

New forecast path...same target.

Trying to get back on track with blogging, but just too much to do all around. Anyway I adjusted my forecasted path though my target remains about 108 on SPY in about the same timeframe as before.
Basically I am expecting a bit of a pull back before the final thrust, but if we do hit 108 before any pullback...that could be it.


jacksoo said...

Hi Pokerden: not entirely clear on your comment re hitting 108 - do you mean if, as today, it hit 108 then it will break 980 on the way down to correct without a further run at 108. Help appreciated.

Pokerden said...

Actually, its hitting far sooner than I expected...maybe a blow off top/fake out on the wedge. Maybe not. I am taking a short position today.