The market showed 8 straight day of increases, and hit its 52 week high, before showing signs of consolidation on Friday. Our Dow projections are unique this week in that we have been in the same range for over 35 market days, the longest we've seen in some time. Friday the market hit highs of 10.850, right near our high resistance line, and where the market began correcting around the 10,746 Fib line. And Friday the market took off on consolidation, dropping to 10,654. Look at our Dow projections now and begin to see the pattern we are experiencing.
With a bell curve count to 5 to the put there is more possibility of a deeper downturn, although we may see a retracement and upsurge during Monday's trading. We will only try to trade puts at this time. That is, unless health care? What does happen? Does the market go up or down on this bill passing or failing?
And health care. We saw what the market showed us to do, buy a put, and watch for consolidation. The historic vote on health care will be seen in what way by the stock market?
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