DOW tech update – general update

Dow weekly still in upside mode
as we will enter week 5 next week and have a daily 12 as of today the
corrective mode should kick in next week and end wave A up (Monday very
likely). The target area at 8250 is also close by and many indicators
are signaling a level for a correction reached.

The 13’s in America are or will be confirmed by European or Asian 13’s as well – getting out of longs is today’s part -still wait toı get short for Monday as BKX is at an 11 and we might see 1-2 days more on the upside before markets turn.

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~ by behindthematrix on April 17, 2009.

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