with Oli | Strategies


Posts Tagged ‘retracements’

Earnings Season starts tomorrow …

Montag, April 6th, 2009

After the HUGE 4-week-rallye … we face a bit of “profit taking” … tomorrow Alcoa opens the earnings season.
And after this huge run up … a lot of dissappointment could be in the cards.
Even if the quarterly earnings are ignored, the outlook could hurt prices a lot.
What should we expect? A 38% retracement (BULL case) […]