Discuss Market outlook for next week at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; From elliottwaveanalyst com -
Short term Outlook (06/02/2006) -
It was suspected that a short ...
It was suspected that a short term correction might complete on Friday. It is now being suspected that it either completed in the closing stages on Friday or will do so right in the opening session on Monday. Post this, there should be a rally lasting days. 2912 is a critical level which should not get violated for this view to hold.
This in short presents a low risk trade setup. Going long in opening trades with a stop loss at 2912 is minimum risk but potentially wonderful returns.
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