RE: SIMSCI 23-June-2006

I have decided not to trade today due to some personal commitment in the afternoon session. No short position for SIMSCI was established in ther morning after watching Nikkei making a higher low and failed to form a failure swing in RSI. It is likely to move up and might lead SIMSCI to bounce as well in the afternoon session. In addition, a potential double bottom formation was found in SIMSCI chart as well.

Some charting problems in the early of the week, not a good week with only small gain. I close the week earlier with positive note.

From the desk of Tradergav.com