Tuesday, June 16, 2009

My view of things

After the high of May 8 bulls are beginning to have some problems to keep the momentum high.
I left some chart in recent days that show that.
For now the Bulls have not loss control.
DAX - 4650 is a key value.
A close below 4650 should expect 4000 - + in the coming weeks.
NDX 1410 + - key value.
A close below 1410 should expect 1320-1280 in the coming weeks.
SPX closed below a 895+- key value
A close below 895 and should expect a visit to 850 in the coming weeks.
Most of the index may not have made the top but the potential of falling is greater than the potential increase in current levels.