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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Thursday, May 26, 2011

Oil (fund), and $spx, $rut concerns for bears

PS. $spx, $rut: the whole week's consolidation above the ST and MT support could be about the cycle as presented to members, also a few ST & MT perfect pitch forks featuring $spx and $rut activities for the whole week.
one price "magnet" and majority of breadth indicators are turning up from previous bottom territory (3/16, 4/18), bears need to concern about this condition greatly if can not turn market down soon.

red down trend pitch fork channel.
potential head and shoulders pattern.