Yesterday's rally fell apart for the DOW. Sentiment is still bullish, while we keep dropping. That is not a good sign. Our trade is now 120 point in the black and I think there is more to come. Uptrend support from April lows sits at YM 10250 and we should be paying it a visit soon. If that breaks, April lows are right around the corner. It will all depend on oil, but my target there is 65, so we have more room.
click on chart for full size
click on chart for full size
This entry was posted
on Wednesday, July 06, 2005 at 6:54 PM.
