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Re: None

Monday, 06/07/2010 8:10:46 AM

Monday, June 07, 2010 8:10:46 AM

Post# of 710
short term support lines still work:

Futures were down big last night but now are back up -- people are confused how this market dives and rallies lately.

http://stockcharts.com/h-sc/ui?s=SPY&p=30&yr=0&mn=1&dy=0&id=p67421399321&a=196000731

But check the last 30 days of the SPY. Friday's big plummet was 3 cents away from the lows on May 27. The market remembers. And notice where the recent tops are -- 3 times in the same general area.

In general -- most indicators I see are still negative.

Here's one more guru I follow -- who I mentioned before -- he maintains a simple market monitoring system to keep him in or out of the market: http://wishingwealthblog.com/
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