Bears cross Xs and dot Os…

Posted on May 09, 2012 by in Letters

With Greek Medusa raising her ugly head, badly in need of a  hair cut, the markets are turning to stone.  In a few days what looked like a minor reaction to a minor trendline break has taken on an ugly cast.  From a chartist's view the markets look a little toppy -- as we have thought, could be a consolidation or minor wave down.

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