Monday, December 08, 2008

2008-12-08 Market Watch

SPX: it is no doubt that wave C of 4 is unfolding.  From the futures and intraday volume of INDU, it seems the market was in a selling mode today.  Some technical indicators are overbought.  So a pullback is due tomorrow or the next day.

image (inverse chart) image (daily chart) image (60-min)

USD/JPY: short-term trend reversed.  bearish.

image

SKF: today should be an good entry.  Tomorrow market open should be another chance.

image

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