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williemo

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  • Potential High/Low Targets for the Dow [View article]
    Longer term cycles, per cyclical analysts, call for slight weakness starting month of May, with short term up during June, then steeper weakness starting July into mid Aug. It appears we could go as high as 8500 DOW now and sell off within the 38-50% Fib range to 7700-7500 to first of June, then make run for 9000 during June, to then drop at beg of July as 2nd Q earnings report, leading to possible test of March lows by end of Aug. In gen'l, am in agreement with author JP. I think the safer long trade is if and when we sell off in May to possible 7500 level, then short when reach close to 9000 after end of June. May not be perfect, but it seems probable, by many analysts' expectations.
    Apr 29, 2009. 02:54 PM | Likes Like |Link to Comment
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