Thursday, August 4, 2011

Rally into Aug 16-20????

A dramatic day with a late rally to hang on to the integrity of the advance. A rally into the powerful August 16-20 Energy Window is a high probability scenario.
Transports were extremely oversold and in need of a rally--but serious damage has been done to this Index--which does not bode well for the general market. The 4 year cycle is getting tired.

No comments: