Monday, August 23, 2010

Quick update

Just checked my blog. I have surprising big number of readers.
Many thanks for all of you for your kind interest.

My plan is to give 2 weekday update and a week-end one.

However I cant' resist to make a quick note:

SPX Financials and RIFIN daily: selling wave momentum is still in play.
SPX 500: selling volume is still in aggregation phase.
SPX 500 forecast: weak internals suggest further sell. Possible weekly bottom in 1-2 days.
We are still out, in cash with our trading system.

Gold: further correction expected. Our core position is being kept.

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