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Mood!

Tuesday, July 7, 2009

Hot summer...

the last week has been above 42 deg C here..107 deg F..

Still looking at cable..looks to have found a short term top at 1.66, now in a retracement, possible one more move up once this is done...OR..we head straight down from here..

mirroring the equity markets....

the jury is still out on whether this is a "correction" of the rally from march lows...OR if the is the START of the next leg down...

Summer trading most people anticipate as "quiet"...maybe this one will be different..

dow charts...


plus for bulls..

dow still above that down trend channel ...

trading below that will bring the bears back out of hibernation..at least for a move to 7800 maybe 7500

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