Wednesday, July 8, 2009

Thoughts from the Vortex

Morning gang

As we have come to the 882 number the first week of July as referenced by the Wheel of Time and Price. 882 is is termed a "master" square as it has vibrated off the high and the lows and the points in time. So where are we now? As the 200 dma is also at the 882 level, we need to let Mr. Market speak. Will it reverse , consolidate or accelerate. I would look for a bounce IMHO to look for possible entries as we are getting an up bounce. If we take out 850 I would suggest we are headed for a test of the lows. The finger pointing in Washington is now in full gear as the wasted first stimulus is running out of gas. Big Government is coming faster than people expect as newer regulations are being put in the CTFC as referenced by the large range down yesterday in CME and ICE. They are gapping down again this am. Oil will have a 50% pullback from within the move at 59 and I am close enough and will be looking to take off my energy plays today.

Hit em HArd!
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