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Thursday, June 25, 2009
Hi traders - here's the video for tomorrow going over the head and shoulder setups I am still seeing. I also go over the levels that would need to be taken on the indices by the bulls for me to change my outlook. I am certainly not a hardcore bear here, but am definitely leaning that way based on the overwhelming number of these patterns that are developing. If they stop developing, I will respect that and go long, but as of now, I have to think what we're seeing here (and may continue to see early next week) is some quarter-ending window dressing. Good luck tomorrow - I will not be around but will have a post up for the weekend. Take care.