Tuesday, May 5, 2009

Intra day outlook

Internal still mixed and market still choppy.
Euro/Yen has been trending lower all day. could spell a late day sell off in to the close.















Market is still chopping around. Tick is mixed without any extreme readings















Today's tick chart is mixed to lower. letting us believe we are going to see more weakness later in the afternoon.

Yesterday, we hardly saw any red on the tick chart, hence the strong run-up. but we believe yesterday was a blow off top. Setting up for an intermediate top.

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