Monday, June 14, 2010

June 14

Rats, failed right at the 200 dma (yellow ma). Also one of my favourite short term indicators (Time Segmented Volume TSV) turned back down. It's a Worden Bros. creation.



See http://www.freestockcharts.com/ for TSV and lots more.

I still think we will be moving higher over the next couple of weeks but we may have a pull back. Look at the move out of the Feb 5, 2010 low as an example. The SP must break through the 200 dma on significant volume.

A good time frame for a pull back would be June 25/28 as we have a volatile partial lunar eclipse on June 26. We could be looking at a high early in the week of June 14 then down into the eclipse date.

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