Short term moves have played out very nice:) I think the pullback has began. The line in the sand is the support at ~1330.
Jun 21, 2012
Short term update
UPDATE: Now it's official 1330 has been broken and the pullback has began:) And with this kind of action a retrace to the lower wedge boundary is history too. A pause on Friday and more selling on Monday.
Short term moves have played out very nice:) I think the pullback has began. The line in the sand is the support at ~1330.
Short term moves have played out very nice:) I think the pullback has began. The line in the sand is the support at ~1330.
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I completely agree with you.
ReplyDeleteThing we are facing something uggly.
Goldman was also out yesterday stating that it is time to blank the market!
"Thing we are facing something ugly." - Yes I think the prices will move lower very fast for 2-3 weeks and many will be scared just before a reversal and an intermediate term bottom. Usually in July we have an important bottom so this an opportunity too:)
Deleteone more closing low in play for Tom De Mark's 13 count?
ReplyDeleteif you mean lower low bellow the one from June 4-th to finish Tom De Mark's 13 count - yes I think this is what will happen.
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