Extract from a US report which ties in with some of the views...

Extract from a US report which ties in with some of the views here for a trend change this week.


"Seasonal tendencies are Bullish for the last few days of June and first few days of July."


"Gann cycle dates, 90 weeks from the 10/11/07 top and 120 days from the 3/6/09 low, hit at the end of this week.

A Fibonacci cycle date, 55 days from the 5/8/09 high, also hits at the end of this week.

Once seasonal tendencies expire and cycle dates hit, it might be a likely time for a trend change. "




"Longer-term trends are still a problem, based mainly on Bearish long-term price momentum indicators. The entire bounce from the March low to the June high still could be a Dow Theory Secondary Reaction, an intermediate-term correction that interrupts and moves in an opposite direction against the Bearish Primary Tide—and fools many into thinking a new Bull Market has started.

A pure chartist might say the market needs bottom testing, base building, and time before it can free itself from the Bear."