DOW S&P Weekly Report 28th June 2008

CNBC is now alerting that US markets are nearly in a 'BEAR' Market, but in fact that BEAR market began at the start of the January 2008, as prices pushed down from the Yearly 50% levels.

As previously mentioned many times, the counter-trend UP into MAY from March lows would be the time to go cash, as the expectation that all global markets would be moving down toward the lows once again, and continue lower July-Sept as price push down towards their Yearly lows for 2008


DOW Cash

Those yearly lows are shown above in the DOW, which now match the next Quarterly pattern in July-September...


S&P CASH Weekly

As shown above, around Yearly lows is where traders want to be moving back into stocks and financials looking for the next monthly counter-trend moves upwards.

Note:- As Mentioned previously any counter-trend move upwards from those lows is only seen as a reversal back into the monthly 50% levels, with the expectation that prices will move lower in 2009.

S&P Daily futures...

Pushing lower towards July's lows...

Trend guide downwards is the Weekly 50% level, but there could be a short-term counter-trend move back towards July's 50% level before continuing down...

S&P 5-day pattern

For day-traders the trend guide is the 5-day 50% level.....



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