[RT] Near Term Market Outlook,...07-07 Energy Point ?

[Jpilleafe@xxxxxxx]

Hello to everyone,...

I am concerned the 07-07 Energy Point will come in as a high,
..not convinced that today was a breakout,...suspect it might be 
a "fakeout breakout".  Noting  that 07-07 is 13 mkt days from 
06-19 high (was 13 mkt days from 05-31 Key Low).   And that 
07-07 is 90 cal days from 04-11 going back in time,..the  90 cal days 
count marked several key time frames.     So perhaps 07-07 is a very 
logical place for a turn of intermediate to longer term importance,..and 
no one seems to be looking for the downside here.  CNBC guests,..etc. 
all near term bullish,...noting seasonal strength in first half of July,..etc.

Any thoughts or comments appreciated.  Have a good weekend.  

Regards, JIM Pilliod