03-14-2012 outlook

A week ago I told you I believed the Qtr Wall cycle had bottomed and we would see a drift up for about 2 weeks.  The move up was much sharper than I thought and reached levels higher than I anticipated in such a short period.  It now looks as if we may be reaching a top looking at the 25TD DPO (1400?).  Tomorrow should give us a clearer picture.  It could go somewhat higher as it is still 3-5 TDs to the time that the qtr Wall should top.

Here is the outlook:

GL traders.  May buy more RWM if it breaks below $26.