Thursday, June 18, 2009

GJ bigger picture

Markets have been sludgy all NY session because of expected Bernie speak in the PM. This market pause has given me a chance to look at some bigger picture charts. Looks like the sub 156 area is really big support on the 100 CRB chart. And if we get a bounce here it should reach all the way back to 160ish. That would complete a head and shoulder, which in turn would create a very logical place to re-enter the swing short again.

Let's see what happens...

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