Wednesday, June 8, 2011

Hold Confirmed

3:57pm:  Hold confirmed.

I'm getting a 2nd buy signal which would push the system all in.  I'm just a little leery b/c I think the ultimate target of this down move is going to be sub 1250 which would take out a TON of stops.  I would expect a sharp move upward to follow if that happens. Will update later.


  1. not quite a hammer but clearly some support around the 1275 area with a previous day topping tail. Tomorrow will tell. Could be seeing the left side of a forming cup on the dailies.
    Will need to firm up overnight or tomorrow and see what happens.

  2. that was a pop and flop at 8:30

  3. Looking good today. Could be bottoming.