down tomorrow ... but finger on the trigger...

Hmmm ... chart looks messy but is a continuum in real-time and a lot actually happening at the moment for those trading the swings.

Our SHORT is still running, our wave indicator having signalled again on 062008 (the same day as the 200 EMA) ... seems to be running out of steam and whilst it seems counter-intuative looks like attempting a positive turn. Finger on the trigger to take profits ... trailing stop at 5045.

Also showing very oversold and for those trading the SHORT side (and yer all should be by now !!!) having run originally from 5900 and now a 1000 points later it doesn't get any better than this ... volatility is king !!!

We expect price to follow the DOW and show weaker tomorrow and against that the chart shows price consolidating attempting to form a bottom ... maybe ???

News here (Elderslie blue-chip crashed...) and from US (Fannie/Freddie to be nationalised???) which seems in meltdown mode continues to worsen despite jawboning from Bernanke/Paulson et al to the contrary.




Cheers ... tight stops.


This is only my view ... read the black stuff.