Sunday, June 17, 2012

Bernanke Wed and new stink


I have the cross hairs of a sell but with Bernanke Wednesday we could go up another 10-15 spx points.
That AGET sell failed-DOA nest day.
I don't think the angle I drew a week ago will stop us but it could. (red)

If we did turn down here it could complete a w4 and ran us down to finish w5. or it could be trying to finish a crash W3 or C wave, time will tell.

As far as Friday my spreadsheet put me in a cross hairs to a sell.

However this volume chart had no spike Thursday or Friday making this move not complete. It's not Greece,
it's the world.

Japan could default in 2014-15, India
on the Cusip of a down grade. This is new stink.

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