SH Analysis

We should watch the SH as it is close to complete a 5 wave pattern it can be near or before it reachs 44

Update for RIMM

RIMM traded below it's 35.05 historical low before the earning announcement which trigerred the stop loss as indicated in the chart of RIMM analysis but looking at the chart after the announcement and RIMM action in the after hours trading you will find it will be touching the expanding diagonal bottom channel around 31 and with throwunder it can take it down to 29.

If my analysis in the original post regarding RIMM (is in an expanding diagonal) is correct (although I never expected that it will touch the bottom channel) then it should start an up wave soon, will wait and see before we decide to re-enter a long position

FSLR Analysis (Long term)

RIMM is about to launch

Regardless of what you read in the web about RIMM I trust it will be the star of 2011, I may be wrong but I trust what I see on the chart specially when the stop loss is very close to the entry point with a reward/risk ratio

Dow Jones Industrial average long term analysis

The current correction in the market should unfold in one of 2 patterns

Either it will end with an additional small leg down early Monday or Tuesday and after we should start wave 3 of a diagonal in a 3 way pattern that should be around 1100 points followed by a decline that should bring us in the price territory of wave 1 of the diagonal (12875) then another last leg up before ending the rally which is expected to end around August, 2011

Or a running triangle correction as showed in the second scenario (see chart) which will be followed by a thrust that should take us near or beyond 14000