It's a sea of red! The character of the market has changed to the bear side and we will have to watch to what extent the bounce next week has legs. Our own FibTime Cluster Analysis hints at a peak around May30, meaning the bulls have a week to change things quickly. If we just get some shallow counter move then we should open up to more action on the downside.
Saturday, May 22, 2010
SUSI WEEKLY UPDATE
It's a sea of red! The character of the market has changed to the bear side and we will have to watch to what extent the bounce next week has legs. Our own FibTime Cluster Analysis hints at a peak around May30, meaning the bulls have a week to change things quickly. If we just get some shallow counter move then we should open up to more action on the downside.
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