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| June 14th @ 8:30am |
The market is double vulnerable at this point in time.
IF 1266 breaks, then we should see the CULMINATION of Wv 3
Jaywiz index bearish 4 days in a row
Pc ratios bearish - 3 days in a row & KEY OEX ratio = 1.05%
and this one has been above 1.50 every day since June1st
Some techs have mentioned a 13% correction from 1370 would = 1167
There is other data such as OPTION open interest which some techs are hanging onto
claiming it has bullish connotations this week= OPT EXP week. but this can stretch out
just like it does at the other end when in a strong trend.
IT does look like we are about to enter the iii.3 - A third of a third- of 3
Consider that a TRADERS PERFECT DREAM DATE.
Psych read for today
NOON stand off
$$ losses
Delays & interuptions
quarrels & tempers
WED psych
$$ Affairs come to a HEAD
Unstable trends
Thsday
Jarring START
wild mood swings
Make changes
Friday
OVERCOME the last 2 days-- Jubillant
More Later
Jay
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