Friday, June 10, 2011

Hold confirmed.

We are very close to Buy #2 today, but it's not going to happen. Signal is a hold. I'm still sitting in about 50% cash and I'm anxious to put my money to work. I am expecting a good bounce next week into opex.  This last hour will be pretty important.  If we continue to melt up, it will make for a relatively bullish candlestick on the daily chart.  Otherwise it's another big red candle perhaps indicating more downside early next week.  That's it for now. Have a good weekend.


  1. Got some good news on the banks and they lifted the market. Hope it carries through with some more good news.

  2. It has to bounce sometime, right? Maybe not.