Friday, January 12, 2007

Picture Problems, Pressure Builds

Dear Readers having a problem today with the pictures, but situation is clearly "pressured". QQQQ SELLPRESSURE, while elevated remained there and the BUYPRESSURE dropped even farther. This should cause at least some slowdown here, if not a fall. The SPX SELLpressure went even higher than last time and BUYpressure fell as well. So the expectation is to have the markets slow down and/or fall within 1-4 days. It could start today. The days top is scheduled for 11:00Am ET. Gold managed to stay above water and EURO is trying to catch a breath. We shell see what develops here, but GOLD is showing good signs by advancing in terms of EURO. OIL may find some support here as well. Good Trading

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