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    Posted June 11, 2012 by
    ronjaenisch

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    S&P reverses at ORE

     
    Near the lows last week there was a reversal near the Andrews ORE indicator. Today this occurred again, only it was a high ORE indicator on a different time frame.

    With the prior low occurring at a variety of indicators, there is considerable evidence that even if prices go to the 128 area they will not make lower lows this week.

    The big nail bitter is the Greek election this weekend, which by our estimates will result in a further shift to the left in Greece.

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