Tuesday, December 09, 2008

2008-12-09 Market Watch

SPX: pullback is well expected as mentioned yesterday.  From the INDU 15-min chart it seems the correction is not over yet, and the market may take one or two days on either further pullback or consolidation before the volume picking up and continuing wave C.

image (daily) image (60-min)  image ($INDU 15-min)

USD/JPY: watch the resistance and see how it plays out.  Still bearish.

image

SKF: at the time being I am trading against the trend.  But today the signal is in place.

image image

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