I Beg to Differ

I was just reading RS of Houston who if you don't know is a popular trader who publishes a newsletter. He said in his letter that "...this afternoon's sharp reversal was right on schedule and we view see this as confirmation of the beginning of a very nice correction."

Well, I beg to differ, my analysis tells me that we should be headed a little bit higher before any sort of pullback. As a matter of fact I see the Dow Jones Industrial Average going to around 10,255 by October 30.

As of this date the Dow has closed at 10,081.

I guess we'll see what's what and who's how in the next week or so.