Thursday, June 13, 2013

Short covering and momentum rally spike.

OK Big rally. Short covering for sure.
The rally ended over bought.
The rally was an outside day considered bearish by me.
Still stuck between  50dma and 25 dma.
Need another day to see but I don't think it has legs.
The parabolic indicator I built is looking for a low tomorrow, seems hard to believe.

More down ,cycles 18/19 th

I have some serious cycles on the 18/19th that could offer support  unless I get a parabolic buy.
HEADLINE Soros says 2014 will be a tough year.

This chart to right if we break dashed line could be nasty.

Some simple S/R lines I don't think any one can argue with.  Click to enlarge b Jerry

Tuesday, June 11, 2013

Reaction day Tuesday

We could be down big.
Charts of weakness.

The next crash could be emerging mkts!