Thursday, July 01, 2010

Gloomy Picture till the end of this week?

In the short lived moment of temporary reanimation of my internet services I am looking at current D-Waves and all I see is red down waves – if any UP waves existed just yesterday – they are gone now. Targets are quite contradictory, ranging from SPY 100 to down to 96.  (If Members recall I speculated that we'll see SPX 1000 "in 2 days" – that was just yesterday and today we are 11 points down around 1030 (1000 area is where two forks meet :)





We might be nearing short term bounce (at least) – Thursday afternoon/ Friday morning.

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