Tuesday, April 19, 2011

S&P 500 Short Term Projection

The chart above provides a sketch as to the next steps that may unfold. I call it a sketch because I do not expect for the points and timing to match exactly, but I do expect a general fit to the depiction I have provided. This depiction is a rally approximately equal to the prior one of 20 points that will touch a downward sloping trendline. At that point, I expect another sell off.

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