Tuesday, September 28, 2010

Tuesday: Consumer confidence at 10:00

Sometimes the toast pops out of the toaster, and it's not quite done, and you have to poke it down for another minute. I'm thinking 2019.75 will be a lovely short off yestercenter, 24 ish would be ideal, and I expect the downtrend line to hold. Much over 24, and they may try the blast to 32....First layer of support is around 12, losing that, the overnight lows around 2000 are a good bet. We have lots of unfilled gaps below us, closest at 83 ish, a half-gap- fill would be around 94. so...83 is a little far away, range wise for today...the half gap may be it to the downside today. Of course we could run to 2050, too   ;)

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