Thursday, February 18, 2010

R.I.P Updated

OK I know I need to make my post more explicit :) but I just love R. Seixas music and this lyric represent very well what might be happening at market currently: this little rally is dying. Although we don't know exactly when, I am confident the next swing down is underway.

I have reasons to think we have seen the top today and Monday can gap down big. Alternatively we could experience some small run up on Monday but it wont last. As I said before I am looking for much lower prices as of now .





ES daily



ES hourly




As in interesting chart, we can see this one where the time frame is OPEX period....