A message has been posted on Free Trading Videos.com that you asked us to keep an eye on.
To view and/or reply to the post then click on the link below : -
http://www.freetradingvideos.com/forum/forum_posts.asp?TID=986&PID=32223#32223
If you no-longer wish to recieve email notification for this Topic or Forum click on the link below : -
http://www.freetradingvideos.com/forum/email_notify.asp?TID=986&FID=17&M=Unsubscribe
Forum: US Indices
Topic: $SPX
Posted By: hayseed
[QUOTE=Tuke] OK....so things have appeared a little bearish lately.....however.....take a look at the chart below.
I'm just sayin'
[/QUOTE]
The FOBO has appeared, peaking on 8 May 2009, confirming the wedge as being complete, and the short term trend is now DOWN to at least 800 and possibly to somewhere below 700.
Tuke has it nailed, as always, that the intermediate trend is still UP and this will be so until the major B and C wave completes sometime in late summer/early September.
Near term: BEARISH