Monday, March 19, 2007
Now What?
Dear Readers, simple view of the pressure gages shows that for the market to put in bottom ( even a local one) we need to have another surge in the buy pressure and it comes only via market making one more dive. It doesn't have to be a lower low of last few weeks, but it must come. How long does it take? Well, we thought that 23-25 March and early April are the next time frames for the low. Gold has put in the bottom we were looking for around 15 March +-2 days and now we are moving up into the 26 March +-2 days top. Dollar moving lower as projected. Must warn, that JPY can take big dive next couple days, and resume climb thereafter. Energy, mostly sideways, little up, in the short run, lower into June.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment