I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Wednesday, June 2, 2010


Just looking at my pattern chart. Got a breakout of the downtrend line. Move targets 1107-1110, the next resistance zone and fib confluence.

There is a lot of debate about the current count (and with good reason). But I am still short. This move remains bearish until proven otherwise (I like 1140 as strong resistance and will revisit my stance only if that is broken).

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