tangrams tuesday, page-45

I have re-entered to marke today due to the following
:

European stocks up and thy have a better record of knowing their own back yard than the USA does (imo).
This indicates to me that the PIGS is either not an issue for now or is not an issue.

DJIA down - perhaps more interest rate related than PIGS.

I cannot see anything like the GFC or other event that should point to a recession until we now more about PIGS.
Apparently the bonds being offered by Greece are being taken up !

So who knows is this the bottom and we now start the 3 rd leg up. I am punting on it

By the way the majors eg BHP table their financials tomorrow I think. I am expecting these to be very good
So for me I think all in all this is the bottom ( I hope so)

I still have 4475 as the fib level and not 4500 I guess it all depends on how you fit them and what data you use. Works for me.