Tuesday, June 8, 2010

Major Trend still down...

We seem to have a low on the 7th at this posting so the 16th a lower higher( see degree chart under)? We had VST buy/sell and a need to hit 1094 as of today to get yet another VST buy not tradable.
As far as I can tell we are still in a Wave (3) down less that target of 1102 that was hit is a wave (4) at the 200 dma resistance,  and we plunge. We have many points of protection so we stay short with Bear ETF's till this cycle plays out.This is not a churn your account type system so relax.