I would just like to know for my readers if you are up or down for 2009?
Don't need to say how much but it would be nice if you are up and if you are down I would like to know what made you under water.
Marketjedi@gmail.com
Tuesday, June 30, 2009
July
As I have been writing for a couple months I think the highs of this leg higher in the market will be seen in July. Today we got our first small window into the downdraft to come I believe. I am looking for a definite break towards 878 before the end of next week or a short into that 938-945 zone or an ultimate 961.50 for a high probability short trade. We still have a technical target of 996.5 to 1069.75 area.
Ideally I would love to see us test that 962 area in July and pullback then test that 996-1069 area somewhere in the Last September- October as the final hurrah for the bulls but we will see soon enough.
On that note I think Oil was a short today in the $72 area and we will see how far it pullback. I do have some numbers around $61 which should provide the first real zone of support.
Please make a note of these levels, they always provide excellent trading opportunities.
MARKETJEDI
Ideally I would love to see us test that 962 area in July and pullback then test that 996-1069 area somewhere in the Last September- October as the final hurrah for the bulls but we will see soon enough.
On that note I think Oil was a short today in the $72 area and we will see how far it pullback. I do have some numbers around $61 which should provide the first real zone of support.
Please make a note of these levels, they always provide excellent trading opportunities.
MARKETJEDI
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