Wednesday, May 09, 2007

Get Ready



Dear Readers, Market Pressure Configurations are still at the spot where they can go either way, but the probabilities favor move down in the intermediate term and even in the short term as the Buy pressure seems to be ready to pierce the CYAN , the average BUY Pressure line. So let us be alert today. It is not guaranteed that SPX will reach 1550, even though highly probable. Sentiment, while improved, is not yet extremely bullish, which makes harder to see an immediate and final top. One thing is without question. Barring further move down in $dollar I can not see the big upside potential at all. Repeating the story for other assets. Gold Meandering, $ turning up this month 23 +- 3 days, Energy as gold and Interest rates stuck sideways. Good Trading

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