I feel like I am getting my mojo back. We should be close to ending this little move up. I am still shooting for a touch over 800. Technicals suggest we are running out of juice on the very short term up move. After this we should make one more move down. This move should take a five wave structure similar to the move from Friday's open to yesterday's close. This move could take several days and maybe the rest of the week. This should take us to 750+/-. When we are approaching this area I will watch closely the technicals for exhaustion for the downward movement.
I believe still and very strongly that when this next move up begins it will be very strong in both price and speed. It will take us up around 200 SPX points over several weeks to months. I will be using my nightime research over the next several nights to find some good long candidates. I will most likely purchase a large basket of stocks that I feel have the potential to triple or more in the upcoming move. some of these will be short squeeze plays and others will be institutional favorites. I will also put some cash into long etf's. I will post all of these names on this blog.
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