Tuesday, June 9, 2009

Bull - Bear Standoff at the OK Corral!

The Market is in Battleground Mode.  Neither side has been able to sustain a breakout.
2D, 10m. - Jun. 9 - The session today was somewhat similar to yesterday.  There was give and take on both sides without a clear cut winner.
3oD, 2 Hour - June 9 - Bullish Trend Channel dominates the reality of the market.  Until this Bull cycle is demolished, it will prevail.


3 Month, Daily - June 9 - The Narrow range Bullish Channel has been the prevailing pattern for 3 months.  Prognosticators and experts continue to suggest a "pull back" or "correction.  So far, this has not happened.

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