Monday, November 5, 2012

Looking for a rally this week

I'm looking for a bullish week. The market usually rallys after a presidential election is over. I'm still looking for a 2-4 week rally to start any day. The Dow has found support on the 38% fib(dotted white line) and lurking just below is the 200 dma at 12992. The Camarilla YH4 pivot is the high of the year so far. A possibility is we go down to the YH3 pivot at 12908/200ema.