Saturday, June 11, 2011

Low on June 17

This was posted in a public chat room so I think it is OK to repost here. From Chris Carolan:
My view is not so positive.

4 comments:

patrick neid said...

Short term sentiment indicators are certainly lining up for a rebound OR the big plunge.

Tier 1 said...

Daily log scale, spx and dji have broken march '09 upward trend line.... What do you think Mike?

-Will

Quick Takes Pro said...

The trendline from March 09 does not really describe the action - its more a three part rally march 09 to April 10, April 10 to July/Aug 10, Aug 10 to May 11.

With that said, this is not a bullish market.

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