Tuesday, June 3, 2008

Indices

DJIA
-cci shows potential VT coming but yet to be triggered. LSMA quite near. Maybe 2 to 3 days. Anyway, don't predict, react !
-Fish also have turning signs, IFT is in oversold mode.
-Ell also tapering for almost a week already.

Nasdaq
-cci hovering between 100s, now -ve. 2550 is proving a strong short term resistance. keltner also giving strong support at moment.
-need to monitor.

Rut
-almost all indicators were quite bullish since Apr !
-cci did not go below zero most of time, IFT did not really trigger sell signals, etc.
-woode club members probably having misery or fun - have not catch up with them lately.