Tuesday, June 2, 2009

1st reading in June 2009

excited over csco in the indu.
of course, would have been even happier if goog or aapl were added.
still, this is positive for techs going into the summer and fall season.

looking at spx

daily at 4-0 sell, weekly at 9-1 sell with setup perfected as of today*, monthly at 9-2 buy.
* the perfected criteria merely suggests a 1-4 session reflex decline with a possible support price of 890.40, so -5.8%
overall, the risk for shorting here remains with the 1 countdown, as an extention is possible.

looking at goog

daily at 6-0 sell, weekly at 3-0 sell and monthly at 1-0 sell
candles are all bullish

looking at aapl

daily at 6-0 sell, weekly at 2-0 sell and monthly at 1-0 sell
aapl completed a 3 weeks morning star pattern last week, a bullish signal.
this week has affirmed that pattern, thus far.

paul

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