25 June 2008

Charts in the Babson Style for Midweek 25 June 2008


A lot of dominos lined up, but we are coming into the end of the second quarter and there is a lot of bonus money riding into this quarterly close on Monday. They have been selling the dogs the last few days, but that may end.

Don't jump in front of support. The SP futures need to climb back over 1322 and there is potential for a bounce off 1306 for a short term double bottom. Let's see if they can do it.