Traders Cooperative

[Jerry Olson]

opnion

based on the current read of the McCellans we're due for a bounce here of very low oversold levels. -258

that bounce is a short...all the BP's are cascading lower together, sell signals on "all" index charts on P&F...

Nov lows are not going to hold very long...weekly momentum is just "now" turning negative? this is not good...5-6 weeks of turmoil has to hit us before we bottom and bounce for good.

your June July time frame may work once we clear out the panic sellers at some point near term...