Friday, August 31, 2007

1-2-3 Reversal

I will be watching the close on the NYSE today. If it can close above 9600 it will have completed a trend reversal according to Victor Sperandeos 1-2-3 reversal rules. If so the test of the lows at #2 was very weak. If that's all the test we're going to get out of this correction then this is one very powerful bull market IMO. We'll have to see how the market closes.