8:30In the weekly report I was looking for a push down from the Weekly 50% level of 6377 back into the previous break of the 3-day highs in the first part of the Week.
Normally this would occur over 2 days:- 2-day stall/reversal before the trend continues.
However, most of those up moves occur after an 87 point reversal, which occurred on Monday.
The trend for the remainder of this week is going to be defined by 6377:- above an expectation that 6468 will close. Below and market is consolidating until the end of the Week, Month, Quarter and Year:- Setting up major levels for 2008
Due to the market being shut for 2-days, I don't know where the market is going to open on Thursday, so I don't have an early bias to trade first thing today......
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