Thursday, June 17, 2010

6/17 11:00

This is a normal 4th wave correction of the rally and that the 5th wave lies ahead.  Apart from the I1 peaking Monday the daily technical composite has not yet reached +4 or below to neutralize the buy signal.  Support is at 10,283.  Critical support break at 10,150 and rising. A lot of people are chomping at the bit but the gong hasn't sounded to start the race yet.

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