Wednesday, June 16, 2010

Downside risk is elevated...



Today we finally got some hourly sell signals with significant divergence being confirmed at the close. Tomorrow we should see a drop below 1110 with our immediate target of 1090/1095 for either a wave 1 of the start of our minute 3rd wave or another wave B on the market's path for 1145. Should be interesting...

Best of luck!
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