As soon as US indexes register a negative weekly histogram reading we go down, some European indexes already below the centreline, waiting upon US markets to follow suit. No idea on targets, but should be plenty of bearish points on the way.
Days.--- What you have right now is a long term downtrend, a medium term uptrend and a short term reversal of a short term uptrend. Ideally, the long trades should be the only ones looked at here on a short term basis as soon as this reversal plays itself out. --Make no mistake however, the long term trend is decidedly down.
Short here at 1098.25 basis Mar 2010 with 20.
Initial stop 1121.25
--Lowering protective buy stop to 1109.25 (12/08/2009)--
--Lowering protective buy stop to 1097.50 (12/09/2009)--
--Lowering protective buy stop to 1095.50 (12/09/2009)--