Hello,
At this stage the two cycles that terminated last week - SPI 200 at 4455 on 16.6.11- are still holding.
Two options - the market fluctuates for 7 cal days from 16.6.11 and then heads North, or obviously we drift (crash/capitulate)lower.
If 4455 holds until this Thursday, it's good for Longs otherwise look out below.
cyclic
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- bollingerbob's - nice little panic monday
bollingerbob's - nice little panic monday, page-8
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