The pullback.

Just like in any sports game,the first session is the most important part where one must win more points or goals and thereafter look forward to a more defensive mode in the second half of the game.Likewise in the stockmarket game.
1) the Iranian presidential race could impact the markets.
2) the East-Asian geopolitical tension again flares.
The timing this round is an excuse to crash the market so the short-sellers will be having a heyday ahead.Best opportunity buy will be the fourth week of the month.
Tracking the Dow on Friday,12/06/09.(5 market days to Quadraple Witching)
9:30am:--About 30.0 points bearish gap-down.

A cautious open.

10:30am:--After finding its early low,opening gap is now fully filled and trading at session high with a bearish hangman again.

11:30am:--Pullback to MAV support with a morning star.

12:30noon:--A second pullback to MAV support line with a bullish doji spin.

1:30pm:--The bullish inverted hammer.

2:30pm:--The 3 white crows spiking up to day's high in last one hour.

3:30pm:--Bearish spike.

4:00pm:-The shortcover,the hangman and a fake last minute double top bull.

Jun 11:--the standard SELL setting 7 days before the Dow expiry.Run for cover.Clear all position.

Jun 12:-the hammer aiming to the MAV support line.

This month June high has been set and the pullback begins.Get ready for the roller-coaster ride and bungee jump.

Friday June is the battle of midway (pivot day of the month)--the next half session is taking stock of all the summer blooming harvest and lock in the profits.