Monday, May 24, 2010

5/24 12:10

OK, so we have upside breakout.  Measurement is to SPX 1100+.  This is just chart measurement.  Chart formations are notoriously unreliable since the entire world started using them.  I will start shorting based on I1 time and the DJI 5-minute, 380-unit M/A.

2 comments:

  1. Steve
    Looks like the DJI 5-minute 230 is holding some ground.

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  2. Yes, the market is struggling with a lot of selling pressure. I'm just waiting for the I1 peak.

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