Dear Readers, The Pressure configuration has remained somewhat unchanged, but a bit more Sell Pressure has build up yesterday. In fact, the Sell Pressure for SPX is approaching extreme levels. The Intermediate term configuration clearly indicates the down move. We have another chart today. Where we keep the ratio of the LATESTAYERS/EARLYBRAKERS, that is like the old leaders versus new leaders thing. Usually having the larger number of old leaders indicates a tired market. So, you can see that we have the scarcity of new leaders developing as the ratio is coming down. Last time around this ratio at low levels has signaled the impending drop. Nothing is ever guaranteed, but this info helps. Sentiment is one of the only things that is still not good enough for our target top formation. Being patient helped us to make some money and retain the earnings for impending action. Stay the course, watch with us and see what develops. GOLD/ENERGY/CURRENCIES/INTERESTRATES just as before. We see $ asserting today and I see that for next couple days, after which $ should start another short bout of weakness into 23/5 +- 3 days. Good Trading
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Dear Readers, For those watching the currencies with us. YEN seems to be the most dstorted traded lately. I still think though that before this is all done YEN will make on last effort to scare the markets and that may well coicide with 23 of May. The levels though may be limited now to 18.50 and not 15-12 as earlier anticipated. Good Trading
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