Tuesday, August 31, 2010

Still Expecting A Short Term Rally

The expected rally which should begin this week and will probably not last long, and it will likely represent wave [e] of the wave B triangle in the Qs. I wouldn't be surprised to see a negative open tomorrow followed by a rally into the close. The end of wave [e] will be a good and probably the last opportunity to short this market before a September swoon.

RIMM is headed to the 2008/9 lows and probably lower.

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