Wednesday, June 01, 2011

Buy the Dips - Sell the Rips

If SPX can get above 1350 area tomorrow/Friday, I'll be going flat. June 3 should be an important trend change...as mentioned in last post.

Mornings selling broke several channels, yet with all the channel breaks, SPX may still hit SPX 1350 +/- by June 3.

Update: 10:20 A.M. EST - More selling broke second channel and looks like a wave d buy the dip area. (see third chart)



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