Wednesday, June 03, 2009

Again the XMI has approached the resistance line from last winter, markets look pretty toppy here but the June 21-22 low I was predicting now looks like it is going to be a high! As indicated on chart above this one, the high signal appeared back in March but I did not notice it on this chart until recently. Nymo on the chart shows an interesting back kiss to the uptrend that was broken which lends support to the idea that these markets are getting toppy in here, just one more surge up in the next week or so should be the top. Stay nimble.

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