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Mood!

Sunday, June 7, 2009

DAILY and MONTHLY view


STEP BACK TO SEE A CLEARER IMAGE!!!!


DOW:Above 200 ma (just)...also above down trend channel

resistances at 9140, and 9460 (38.2 % retrace of fall from all time highs AND trend resistance from monthly..see below)..






INTERESTING on the monthly chart we can see CLEAR 3 waves ONLY...mostlooking at completed 5 waves so we couldget a wave 5 down to new lows.


FTSE: accumulation or distribution...??

Looks like even tho rally is getting long in the tooth one more burst up si possible before a meaningful correction of the rally from March lows...whether that means NEW lows we have to see...
















DAX: Look at monthly charts, also LOOKS like we have had only 3 waves down so far....is the longer picture TELLING US SOMETHING?

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