Monday, June 28, 2010

Market Direction is in the balance

Looks as if Right shoulder of Head & Shoulder is forming,which started in NOV of LAST YEAR. On a smaller scale we might be at the beginning of W.C of an ABC correction which started on 6/8/10. If this is a W.C the minimum UPSIDE is SPX=1130, DJIA=1515,
COMP=2330.

***NOT beginning of a W. C if INDEXES fall BELOW:

SPX< 1067; DOW< 10081; COMP < 2205

BUY SHORTFUNDS at any indication of heavy selling.

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