Correction continues, but bulls are still in control



Correction continues, but bulls still in control, that's my conclusion for today.

  • Euro finally drops below 1.40 as well as the US stock market becomes red today at the close.
  • The correction since 1773.13 still continues
  • Bulls still can not get the 200MA back
  • But the overall correction pattern is forming a bullish flag so far, bulls still in control, to date.
Also pay attention to GM, if it holds above $1, may be some short term opportunities. Don't know what will happen to it. May be bankruptcy ?
at 5/22/2009 06:18:00 PM

6 comments:

  1. AnonymousMay 22, 2009 at 6:22 PM

    why duplicate post? Some GM news may be out during the long weekend.

    ReplyDelete
  2. TigerMay 22, 2009 at 6:23 PM

    it's just an accident. sorry. I do agree some news for GM soon.

    ReplyDelete
  3. AnonymousMay 22, 2009 at 6:26 PM

    Thanks. I agree with you, bulls still in control so far.Have a great weekend.

    ReplyDelete
  4. AnonymousMay 22, 2009 at 6:54 PM

    GM may either go to 50 cents or 5 bucks soon. Big Mover!

    ReplyDelete
  5. tryittryMay 22, 2009 at 7:14 PM

    Why bull in control? Standabove 200 MA?

    ReplyDelete
  6. TigerMay 24, 2009 at 1:29 AM

    Try,

    The correction is forming a bullish flag so far...

    Tiger

    ReplyDelete

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