Friday, June 29, 2007

Did you survive ?

I hope you survived this harsh volatile environment.
Finally the market recovered and bears suffered in the last 2 days. However when looking into SPX and NDX charts , there appears a not alike bullish candle - inverted hammer which hint that there could be another wave down before we continue to advance. Look at the chart below of S&P500 with my best guess.
I remain bullish overall though I hedged myself a bit.


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