Wednesday, May 30, 2012

Power Reversal

Yesterday was one giant phony rally.  It set up a bearish island reversal, the most powerful formation known to man!  I don't see us going back to the 1320 zone now.  That area is behind us, left in a pile of dust.  The countertrend rally is over.  Prepare for 1260 next week.

1 comment:

alexnewbee said...

yes, today to the upside )