Wednesday, June 18, 2008

Very bearish

The market could not even bounce back to pivot (616), but experience says if it fails at S1 (611), short. Tormorrow's numbers are 612, 609 and 604. A turtlesoupbuy signal is out today but probably will not be too effective under these conditons. Target 600-595ish is still in play for the next few days. After that a rally from a falling wedge scenario should be unfolding.

2c

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