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Friday, September 25, 2009

Bull Spanking Friday

It's been a nice couple days indeed, I hope everyone got in time when I made the "emergency" post at around 107x's points in S&P.

We are dangerously approaching to the bottom line of the wedge. Once it breaks, it's sayonara bulls. So far, it sure looks promising but let's keep composure because the bulls can ramp this thing up.
Although I admit I'd love it to be the top... wouldn't it be nice?

By the way to everyone who thinks Fibonacci, EW wave, and EW time projections --> PRESS HERE

Anything curious in there? Let me quote: 
Fibonacci 38.2% correction would be a rally of 28 weeks, putting a target in September 20th-23th as a time window for a top. Although wave structure is more important than time relationships, but these help us figure where a top may lay in. These same methods indicated a time window for a bottom back in March in the 9th-12th day of that month. We know how the story ended.
 Bullseye ;)

BTW there are 2 poll questions going on... please participate, since I'd like to know your opinions regarding the matter

Also stay tuned for the update on LMT Portfolio and the new stocks we'll buy on Monday.
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