Hi Red. You have a neat assessment for June The month is setting up as a typical tricky corrective pattern see my blog for the Monthly graph
Primarily it shows; 3rd low 7th low 16-17 HIGH 25th & 30 LOWS this should set the stage for a decent rebound in JULY till late in the month near the Full Moon 1040 COULD give way on WED AM, but rebound off like on a trampoline 7th might just close on that value. Any rebound should be limited to 1100 EOM could be the MOST telling for DOW theory enthusiasts Bes Wsihes Jay
Very indecisive right now. The market can't seem to make up it's mind which way it want's to go? The different time frames are fighting each other as well. Regardless, I still see another move down coming by the end of the week.
Hi Red.
You have a neat assessment for June
The month is setting up as a typical tricky corrective pattern
see my blog for the Monthly graph
Primarily it shows;
3rd low
7th low
16-17 HIGH
25th & 30 LOWS
this should set the stage for a decent rebound in JULY till late in the month near the Full Moon
1040 COULD give way on WED AM, but rebound off like on a trampoline
7th might just close on that value.
Any rebound should be limited to 1100
EOM could be the MOST telling for DOW theory enthusiasts
Bes Wsihes
Jay
i THINK WE GET TO 1093.
Nice snapshot
Dow jones hourly chart in a diamond
http://niftychartsandpatterns.blogspot.com/2010…
Mr TopStep…
http://www.youtube.com/watch?v=fAkDDZmHkLg
109.75
1093.5
Very indecisive right now. The market can't seem to make up it's mind which way it want's to go? The different time frames are fighting each other as well. Regardless, I still see another move down coming by the end of the week.
Money flow indicators today will be very interesting. Who will be selling into this ??
Lunch is over here we go again
OIH is getting pummeled. BHI go long, use a 36.2 stop.