Thread: I fund for May, 2010

My thoughts echo this view-

I think it's safe to say that we should have the 50/200 cross tomorrow or the day after which will signal a technical end to the greatest slight of hand trick in financial history.

Originally Posted by 350zCommTech

I hope we get some follow through soon because I'm about to capitulate.

Attachment 9449

It's getting ugly, but if I were out I'd be lookin' to get back in at 1040'ish on the SPX. The $tran is still above the 200 dma, but i'm not about to tell anybody to do anything until we see a short term buy signal... there have been several inverted h&s only to get negated w/ no buy volume. I agree w/ Bullitt this could get ugly fast but we still don't have death crosses... but at this rate, we could hit 943 on the SPX before that happens. If the dollar turns up again after the squeeze runs off, the carriage trades come off/lessen, so the big boyz and Central Banks are losing umph with their ability to manipulate.

Looks like the Euro just wrapped up it's little bounce higher.

Just calling it how I see it here.

Double top initiated in EFA, aka I Fund. Downside target 43.

The only hope for I Fund Bulls at this point is a double bottom in Euro/double top in US Dollar.