Discuss Market Comments 06/10/11

Bounce - After 6 consecutive down days, the market finally experienced a relief rally. The close was not all that exciting as the Dow finished up 75-points after being up 135 less than an hour before the close, but the bulls won't complain..

Current Daily Market Commentary

Market Commentary for 6/10/11

 

[pmcint01]

Tom,

So it looks like it has doing the first H&S pattern up through May, but now it is doing the 2nd pattern in June. Is that strange that it went from one pattern to the other?

 

[tsptalk]

I just look at the first move as a false breakout. The market likes to fool us whenever possible.

 

[dpmp]

Any of you still in the market?

 

[tsptalk]

I am. I didn't listen to some of the sell signals from our PS's and stuck with the sentiment survey buy signal. :embarrest:

 

[law87]

I am, in too deep to pull out

 

[hardyandtiny]

test of the middle of the head...that's hilarious