Public Weekend Update

What a difference a week makes in the investor world’s view of the markets.  Just last weekend, the Internet world was quite bullish.  Even the wise and savvy market analysts were encouraged and quite bullish for the week to come.  However, last weekend my signals were telling me that the previous week’s rally was an aberration and that a pullback was imminent.  So, last weekend I projected a pullback that should test the 1221 area, see .  The pullback did indeed follow, in fact reaching a bit deeper than I projected to 1209.  The question for this week is: has this pullback ended or, is there more downside ahead?  I’ll provide my thoughts and prediction tomorrow in my subscriber weekend update.

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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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