A Few Words

2007/6/7 15:04:21

The technical significance of 3,858 was on full display today. A breakout means a large hub is forming — this is the first step in the market's correction and restoration of order. This way, the market has an oscillation center it can rely on, though this center is still being formed. 4,015 points is the next level. If this level can't be broken through, the market still has the possibility of seriously deteriorating. Otherwise, the market will have the possibility of re-challenging the 1/2 line or even making new highs.

Can't say more — about to go visit a company. Tomorrow, the main thing to watch is whether 3,858 can hold. Leaving now. Goodbye.