Thursday, June 16, 2011

6/16 pre-open

Here is the latest daily technical composite.  The history is in this link.
I play the odds.  Looking at the history of this series every stab upward in the composite to the range of 16-24 results in a multi-day rally with one exception: 1987.  Yet I1 is not in a position for the potential of crash until it crosses +2.  It does so in 3 days, but it almost immediately rallies back above +2, so I see the first crash potential in July.
Here is I1 in serious declines of the past:

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