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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: timbuktu who wrote (11482)6/1/2006 1:25:35 PM
From: Chip McVickar  Read Replies (2) of 12410
 
Timbuktu,

Here's another perspective

Fibonaccis and pitchforks are holding...
As long as this formation doesn't get broken lower stocks should move higher
stockcharts.com

Gaps were closed in the futures in this last run as the floor gave something to the bears

CLX posted a low signal last week... other internal studies are showing **a base** is being built.

But IMO only.... and FWTW... the buyers are still in control of these markets and strong volatility should be the norma as the hedge funds take advantage of the declining volume...

'Expect the Unexpected.' -- Heraclitus 500 BC

My Best,
Chip
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