Okay, this is a little scary

I just wrote an entry on SSEC last week (I think it was the start of my vacation) and I drew a projection line for its objective. The index was moving up last week ( base on Thursday's data).


Fig 1 SSEC Daily Chart

When I open the SSEC file today, I am in a little bit of surprise. SSEC fell back from its upward movement and landed on my projection line!

Of course I am quite happy with this because it is like the market is listening to me! However, I have to get over such Euphoria because the line happens to be close tot he support trendline of the downward movement and that it is coming down to meet its objective and not adhering to my command, I only happen to get it right this time.