Monday, June 28, 2010

6/28 1:50

This is the second-hardest thing to do in the markets:  wait.  The hardest thing to do is to lose money.  I STILL think we get rally.  If I am wrong then I need to wait for 10,079 to short again.  I1 is down and is pushing on prices.  However, countertrend moves come in spasms, so I am looking for a bullish spasm.  It will not last long,  150 points in a couple of hours kind of move.  A lot of triangles resolve in this type of spasmodic breakout.

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