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Victor Weintraub wrote:
> I expect to see the major averages penetrate their 200 day moving averages
> with the DOW going to 7800 and the S & P 500 going to 970.
>
> Victor Weintraub
Victor,
In my opinion, very short terms like a couple of days. I expect the
Nyse avg to go up. Thursday's 3:15 low was a cumulative volume low.
There was enuf buying to keep the cumulative volume in positive
territory, ie above the 2 day moving average. The little sell dip at
the end of Friday showed no willingness to challenge this little line in
the sand. In fact it bounced off of it, Which is usually a positive
sign..
Since Friday was a narrow in range, The pivot's S & R 1&2 are squinched
down... making it easy for price to bust out..
An easy goal for the June futures is 1125.75.
Don
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