Market Update 06/24/2013

[Natalia]

I am concern, as much as oversold we are and not having any relief bounce, we can go even lower... oversold condition can become more oversold.

"E" rated accumulation went as high as 20%, usually past 8% we are due for some kind of a bounce

We have 3 ~ 90% down volume days, generally when we see this market tend to bounce 2-7 days before resuming lower.

Tomorrow usually is called "Turn Around Tuesday" Since we have 16 Tuesday up in the past 24 Tuesday ~ don't get fooled if we do have big up days... the major trend is still downtrend...

Stay safe and be careful not to catch falling knife ~

I look forward to see you all soon next month, new meetup schedule will be out as soon as I book the room.

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~ N a t a L i a ~