Wednesday, June 17, 2009
Jun 17
12.00 Noon We are traveling this week, so will have intermittent internet connectivity. We got the top on Jun 11th as expected, next turn is a short term low 22 (+/-) - so late this week to monday. This bounce could be a 3 wave or a 5 wave bounce. If it is a 5 wave bounce, we can rally to new highs in august, otherwise we need to look for a break of 903 and then 875. For now, we are slightly leaning to the bull camp. But lets react not act.
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