Dow Jones World...Russell 2000...HUI Index
Head and Shoulders pattern for the Dow Jones World Index. Looks like more to go. However it could reverse itself. People are looking for the central banks to come in. The central banks don't come in until the charts are broken. Next pivot point is June 15th but there is a better pivot point coming up July 15th
Nice reverse head and shoulders on the HUI Index, I was picking away at a junior last week.
HUI Weekly chart. Nice engulfing candle.
The Russell 2000 Target zone. Not much to say, a picture is worth a thousand words.
Based on the pivot point swing trading model I'am suspecting the central banks are going to come up with something mid July, 2012 after the markets tank for a while.
Happy Trading!
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