not done on the upside
Started Mar 05 at 5:45PM (EST) (By marketfeel)
Transmitted from http://marketfeel.com
we saw initiative buying today after a cash build up.
Today was a taylor sell day (trade above yesterday highy) and a trend day
Monday sets up for a taylor sell short day and z day. Dont expect much of a pullback. There are still too many bears fighting it. They are scaling back but still in it.
The cummulative breadth has pointed clearly that we break new highs. We should see a pullback starting between the 8th and 11th but keep a shopping list handy.
I will be scanning stocks over the weekend. A quick glance shows a wolfe wave target on GS of 180. NWL has the same pattern as GS and has met its first target but shows a longer target of 15.
GS is right up against a longer trend line down that should give it pause before another try
there are others that broke out like GE and AMZN did last week. AAPL is just a monster and needs to be watched as well as goog
The only short that looks tempting is BIDU based on it’s historical relationship with GOOG
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