'Asia Soars'/ The Colin Twiggs Playbook newSubmitted by 2nd_ave (4592 comments) on Mon, 09/20/2010 - 08:51 #69553
"But we are approaching the end of the third quarter and fund managers may be supporting prices to window-dress their balance sheets. We can only be sure of the current resurgence when the quarter-end has passed. Expect a mid-October retracement to test the new support level."
"The S&P 500 is testing resistance at 1130; breakout would indicate a primary advance to 1220*. Twiggs Money Flow holding above the zero line indicates buying pressure. Again, it would be prudent to wait until mid-October to check if support continues after the quarter-end. Reversal below 1030 is unlikely at present, but would confirm the primary down-trend."
That would be about as good a 4-week road map as any.