Thursday, April 12, 2007 8:15:03 AM
China Bull $SSEC making another new high to 3531.03 and S.Korea $KOSPI to 1525.61; however, one day pulling back that we have seen yesterday, bringing out pessimistic views on US market to see more of bloody market. Bulls need to defend the supports today.
The recent price action, Qs, Nas & Dow 76.40% RT and SPX ~80% RT, is bullish for bearish view, a-b-c. Considering the retracement level, 5 wave looks truncated if it ends here, turning it to a-b-c corrective wave.
Premarket is down. RIMM pulling back from historic high level before the earning report, off 7% to 136.30 in PM.
Eco # at 8:30 AM
The recent price action, Qs, Nas & Dow 76.40% RT and SPX ~80% RT, is bullish for bearish view, a-b-c. Considering the retracement level, 5 wave looks truncated if it ends here, turning it to a-b-c corrective wave.
Premarket is down. RIMM pulling back from historic high level before the earning report, off 7% to 136.30 in PM.
Eco # at 8:30 AM
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