Wednesday, January 28, 2009

P&F Chart Breakouts...

The rest of the indices that hadn't broken out to the upside earlier now have. Please note the new higher targets. The BKX broke out, but I note that the XLF did not and still has a target of a lowly 3.5! The VIX adjusted its target to 26.

If that target is reached on the S&P, PointPark says he'll eat an entire edition of the Wall Street Journal! Dang, now I'm really hoping for that monster rally! (I'll believe it when I see it, but I do note that would be a perfect 50% retrace of the move down from October...)

S&P:


DOW:


RUT:


NDX:


BKX:


XLF:


IYR:


SRS:


VIX: