Recap What I said last week, “Situation in Greece can cause extreme volatility that do not mean anything.” All week wild swings and ended up with nothing. Closed the week above Y-0 and midpoint.
Outlook Problems in Greece and China are not resolved. They are suppressed only. More violent intraday swings until we have clarity of both situations.
Lawrence's Comment
Recap
Y-0 never acted as support at all as news shock has created wild swings around Y-0. Closed the week close to B-1.
Outlook
Still looking for bullish continuation once B-0 ...
Dow 30 Jul 13 to Jul 17 Outlook
Lawrence’s Comment
What I said last week, “Situation in Greece can cause extreme volatility that do not mean anything.” All week wild swings and ended up with nothing. Closed the week above Y-0 and midpoint.
Outlook
Problems in Greece and China are not resolved. They are suppressed only. More violent intraday swings until we have clarity of both situations.
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