"There is No Gold in Goldfish - You Guys Look Somewhere Else!"
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3 Month, Daily - July 10 - Treasury Spread continues to widen showing continued flow of money into safety. The Big Boys are putting there money in the Mattress.
For Information on Treasury Spread implications go to ThinkOrSwim.com and in the Chat Rooms, look up the seminar on "Trading Economic Reports."
20 Day, 2 Hour - July 10th. - Keeping an eye on the big picture, the Channel Trend continues down although we are at Low Tide in the channel. The MACD is slightly positive as is the CCI. This suggests the possibility of a temporary bounce back up into Mid Channel.
3 Month, Daily - July 10 - There has been a Four Week decline in the market with the Trend still pointed down. The recent Head & Shoulders has broken the Neckline and this move is consistent with more downside to come. At the same time we have been in a Range Bound market that has been favorable for Iron Condors and Spreads.
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