May 28, 2011

Weekly review / Седмичен преглед

I think the indexes are bottoming. Its difficult to predict the exact path for the short term. My 2 cents I think next week will see another push lower - higher low or lower low I do not know, but I think this will be a good entry point.
The other option is the indexes breaking decisively the down channel. In that case I would wait for some kind of pullback because you have higher risk and less profit.

My Intermediate term view stays the same - I think we will see marginal new high, the alternate scenario is lower high followed by sharp correction.

If I am right on my intermediate term call, the next several months will look like this:

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