July 1, 2009

07/01/2009 intraday update

3:18pm

today’s action does not seems like a reversal day.  could be another push to 930 region.   I expect the coming drop to be very violent and bloody, so it must be either a very sharp intraday reversal or a gap down directly from the open.  definitely not like this.

 

1:57pm

In a day like this, only thing a bear can do is wait… we know our glory is yet to come…

 

12:43pm

A good head and shoulder pattern…  let’s see how this plays out

 

image

 

12:32pm

not a good day for bear.  trend day.  could close at the high of the day.

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