Chart Update

I wrote last week that the bullish falling wedge required two more touches (, the upper trendline, then the lower trendline. It accomplished the former last week and is on its way to the latter. It could end around 1300 or a throw under could take it as low as 1291ish, but the end is in site. Stay tuned, our commodity longs (and Nasdaq) will soon get some company. And, it’s not too late to take my long call on SILVER

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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