Monday, May 26, 2008

THE ONLY CHART YOU WILL NEED TO WATCH.


I will keep weekly updates on this chart going forward. This will be our guide. If this chart plays out according to this setup, then i expect a BULLISH explosion towards the end of the year. Too many are calling out for a return of the bear market. This is excellent and exactly what you want to see in this type of pattern. I am going to make a bold call here and predict one of the biggest short squeezes this market has seen in a number of years.

Enjoy!

2 comments:

upsidetrader said...

stochastics very oversold too,could rally big this week

Stewie said...

on the daily chart, i wanna see price fall a little more. increase pessimism, fear and then up the pattern nicely. a break of the lows and reverse would be ideal. we'll see.....

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