Its pretty simply I think. If we close above 1180 we are probably going back up to test old highs.
So far the bounce has been normal but the bears are running out of room. The bulls need to clear 1180 but if they do they will be back in control.
If we do break 1180 and head higher it will be the most absurd move of the entire rally. Just becoming unbelievable on every front.
Thursday, May 13, 2010
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