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Saturday, May 31, 2014

Beating a Dead horse?

 The 60 minute price broke above the I-cloud & the ST oscillators look Topsy.
 On the pullback I'll be watching for price to hold above cloud and for the  50 Sma to cross over the 200 Sma.

Maybe I'm "Beating a Dead horse" as they say. Although the Pull back was ALMOST
100% (less .06) it still doesn't violate the wave count...YET!

Note all Three of Pring's Ocillator's have turned bullish on the Daily chart and the 100 Sma is still above the 200 Sma.

Another Question in my mind is if the Market as whole is getting close to Immediate Term Pullbacks,  How will this React to a Downturn.

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