Terry Laundry:
June 25 2007 Short Range T Update- Friday's sharp decline has brought the blue volume oscillator back down to an oversold condition from which a more extensive bullish oscillator rising bottoms pattern can be generated.
The only requirement to sustain the current Ts projection of strength into the late Fall is to see these corrections hold at the 55 Day Moving Average as noted in the chart by the mid channel black line. I expect this to occur with the T's basic up trend renewed as we move into July. Next update July 2.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=3&g=0&i=p96076447560&r=1730.png
Edited by Rogerdodger, 26 June 2007 - 11:22 PM.
