Thursday, June 19, 2008

Conflicting signals...caution advised

Today it showed some signs of reversal. There are turtlesoupbuy signals from OEX, SPX and DOW now. Although other indicators still point to more down side but caution is advised here. There may be just one or more day of down to sideway movement. The falling wedge effect is getting close and that will lead to rally. Probably next week sometime and do not expect too much before FOMC. Tomorrow's numbers are 612, 608 and 604.

2c

No comments: