The markets moved up nicely today validating even more the short term bottom from last week. Looking at the charts we can see that the Dow, S&P, and Russell 2000 are setting up to move higher. That means that chart setups have a higher chance of working out. NITE and XLNX are continuing after a brief pause yesterday. If you didn't sell WFR yesterday then the turnaround today is positive. PETS is still hanging on but could breakout shortly. I will have some setups later today.
Monday, January 28, 2008
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