Thursday, February 15, 2007

Quick Turn, SPX Sell Pressure Grows



Dear Readers, There was a quick change of Pressure from buy to sell in SPX especially and to a lesser extent in QQQQ, which starts countdown of 1-4 days for markets to turn down. This has all happened quickly and could cause a quick downturn as well. Let us be attentive here. GOLD same story should top here and bottom around Feb 19 or so. I believe the EURO and BPOUND had a last jump for now. Bonds should decline as well. Good Trading.

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