3.31.2012

Expecting to see next Monday in green. Target may be 1414 - 1416

Five previous times we saw at least 2 green days after 3 consecutive red down day before the 1st bounce green day, so if history repeats, we'll see at least the green day next Monday.

According to my geometry analysis, a healthy bullish market should gain the [1422 -1428] zone within next 2 days. Otherwise the uptrend we are in from October 4, 2011 is weakening.

My bullish scenario would favor the [1414 - 1416] zone to be tested and hold by next Monday.

No need to say, a close in red next Monday would be a frustrated look for bulls.

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