Outlook July 13
Posted by Danny on July 13, 2011
Sorry, being a couple days late this week.
The market is clearly stagnating now, not surprising in a lunar Red Period.
Here we have the current Nasdaq chart (click for larger image):
Could be a potentially double top here, but a setback is not so surprising after such a steep rally.
We remain in Red Period, so let the market correct for now.
I would not be surprised to see the Nasdaq push towards 3000 in one of the next Green Periods.
But first we have see how the current lunar Red period works out.
More next week…
Danny.
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This entry was posted on July 13, 2011 at 10:21 am and is filed under Market Commentary.
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LunaticTrader
Outlook July 13
Posted by Danny on July 13, 2011
Sorry, being a couple days late this week.
The market is clearly stagnating now, not surprising in a lunar Red Period.
Here we have the current Nasdaq chart (click for larger image):
Could be a potentially double top here, but a setback is not so surprising after such a steep rally.
We remain in Red Period, so let the market correct for now.
I would not be surprised to see the Nasdaq push towards 3000 in one of the next Green Periods.
But first we have see how the current lunar Red period works out.
More next week…
Danny.
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This entry was posted on July 13, 2011 at 10:21 am and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.