Thursday, June 10, 2010

Euro Pull Me Push You Critter, perchance the top

Look at the last 30 minutes of so of the trading day....a slow fall off.   No oomph!  It was a bear squeeze, and that's it.   No driving force, only a money grab, and I bet it worked very well for HBB.

Now we are hitting PRS 133 and some Fibs.   Is the gig up?   Time will tell.

But the DWC/DIA ratio, which I have coined as the "Holy Grail" says that the gig is up, market will turn down within 1 to 3 days, and could fall hard, This ratio paints exactly like Sep 2008. Search my previous posts.

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Insightful and Useful Comment!