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Re: GLENO34 post# 53756

Thursday, 06/26/2008 9:26:21 AM

Thursday, June 26, 2008 9:26:21 AM

Gleno: It could be that yesterday’s “rally” was the entire ascending slope of the short 8 d cycle on the 130 min chart. That would mean that the left-translation is extreme - bad sign for the Qs. If true, the down slope of the 5 wks cycle can lead the Qs down, into a trough placed around 6/30. A TOM+ might happen only very late and there might be only “window breaking” instead of window dressing. Is anybody ready to initiate that violent “bear market rally” that some people are still expecting? Selling on close has been a predominant “motif” of the latest days and indicates that every attempt to rally encounters a professional wave of selling…

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