· Weekly: last=low = 6421
· Still bullish (RMO)
· Previous sell point @ 6253
· We got a sell signal and NOT yet confirmed
· Medium term investors would sell bellow 6253 (probably to be tested this week)
Daily: last = low = 6421
· We are in a bear market
· We sold market @ 7177 (I did NOT by the way)
· We are still looking for an opportunity to get in
· Sell this market AGAIN @ 6384 (we will test this most probably on Sunday 23May2010
Comment:
· Medium term the market is still NOT selling market
· Short term we sold this market before @ 7177
· So we are waiting for:
o Re-entry point given that the market do NOT break 6253
· A possible rebound point would be the 6384 which is 37 points down!
· We should mention that the international markets did fine (1% up)
· So I would NOT expect bearish signals or bullish signals to confirm Sunday
o Complete sell down the point 6253
· This should bring us completely out of this market.
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