Thursday, June 3, 2010

6/3 11:00

This stop at 10,335 is the last as it is the DJI-12day M/A +1.3%.  Everybody has now hopped aboard the head-and-shoulders wagon.  The technical composite is still oversold.  I have kept minimal positions on this rally from the start. 
Today's pre-jobs trend is down and should remain until the close.
The support break that will increase my exposure is the same as my stop yesterday, the 150-minute DJI -70 points.
The cash market wave count is now in sync with the futures:

No comments:

Post a Comment