Monday, June 30, 2008

Monday- Little change in Exponential charts...

The story to day, is really no story yet. $Trin is rather low, more similar to a top then a bottom, although put/call ratios are more in the range of bottoms...Most indicators like RSI are showing increasingly oversold conditions, and geometrically we are still in the price zone where a bottom could form. Things are sort of inconclusive on the short time scale, but there's little doubt that we are still in an intermediate time frame downtrend, regardless of the details of what happens this week...

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