MARKET THOUGHTS

many of the indicies may just be showing us a back kiss recovery to the gap down area sell off of a two days ago.

short term signals signals are a bit mixed here with a 15m Oscillator sell signal triggering with daily sell back kiss on the oscillator, and

only the very short term daily MAs giving some support for a move up tomorrow or some support tomorrow.

so tomorrow will need to see some heavy lifting. the RUT may have sniffed out the move up and is trying to tell us that but we also have seen

that the RUT on its own for a two to three day large percentage move doesnt do it alone and often marks a peak when all the other

major indices have not confirmed the move. still bearishly, i also see we are tracing out the right shoulder of a now proper H&S pattern that measures

back down to 12000 for the DOW. again short term mixed. daily,.. on the positive side the internal indicators are in ok territory while we are somewhere

in an overall long term bear trend. both bear and bull trends on my charts can last months or years.. no way to know if we've set the bottom yet

for this bear but i have my doubts. sorry to ramble.. so focusing on today and tomorrow.. the markets do need to break upwards quickly to escape

the pulls of this technical area if we are to start that push for a potential higher move into late July or even Aug & possibly Dow 13900..ish

stick with this... folks its a traders market.

Edited by Mr Dev, 27 June 2012 - 02:45 PM.

im holding shorts for another day. if we pull back modestly it may be a time to exit. any rally tomorrow form the highs here would also have me ...hate to say... chasing it. Aaa bit my tongue on that one .

Edited by Mr Dev, 27 June 2012 - 02:59 PM.

Went short at the close. My work shows that this "should" be all that RUT will get on this move; closed right at some major rez. A gap up in the morning will probably run, unless the Supremes reverse it when they act. Thanks for all you share

Went short at the close.

My work shows that this "should" be all that RUT will get on this move; closed right at some major rez.

A gap up in the morning will probably run, unless the Supremes reverse it when they act.

Thanks for all you share

What time will the ruling be made public ?

im holding shorts for another day. if we pull back modestly it may be a time to exit. any rally tomorrow form the highs here would also have me ...hate to say...


chasing it. Aaa bit my tongue on that one .

Thanks for sharing your insights and analysis Mr Dev. Thanks for your reply in my IBM thread-I replied back to you.

IMVHO, the PTB are setting up the market for a big hit on Thursday and/or Friday and were selling to the bagholders today. When they raise the guillotine on investors and traders, the investors and traders say, "look the blade is going away from our necks, we're safe!" Like they say on small street, "sold to you!!."

Caveat Emptor.

GLTU.

Best,

Bob-C