Thursday, June 25, 2009

Fibs holding so far...

ok the channel got blown out but I'm staying short... 50% fib has deflected the first push plus on the hourly we see a nice looking negative diverged RSI sell signal. We also have a strong t-bond market with what looks like a head and shoulders bottom pattern which should erode some of this equity pop. The crude oil looks to be inticing some last minute bulls as it traces out a head and shoulders top...







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