The numbers for today are as follows: I am bullish above 995 and bearish at 985. I am expecting higher prices but I will be aware for the potential of a top on Monday. I don’t think the market will let go now without trying for a break out of the market. I have just been talking about IBM on the box. IBM is making a coiling move and looks set to lead the market higher. Today is the option expiration so it may be a nervous morning start and then a push higher later in the day. The path today is pointing to higher prices with the possibility of a drop in the middle of the day. This chart should have been sent to you from Tactical Trader.
I have to re-emphasise my view here so there is no questions or ambiguity. I am looking for higher prices over the next 10 days. At the same time I am looking for a big big top and a serious decline over the next month. Your objective will be to asses whether you want to go long now and get out in time or to wait for a good shorting opportunity (“good” is an understatement, in my opinion). My initial target is for the Dow to tag 9800, and then decline. However, I have heard from sources that some big banks are already selling into this rally. The choice is your. I can tell you how I intend to play it. I will scalp in and out on the long side, and if and when we see higher prices, I will begin to leg into short positions. This may happen tonight or Monday, or it may happen later in the week. Patience is the key here.
Have a nice weekend
A320, I think I am on the moneyshow over the weekend
but after the power cuts things will probably change 
