What can I say. The DOW, SPX, COMP and NDX all closed below their respective 20 day moving averages. Bearish cross of 10 ema and 20 sma for the DOW. Bears are smelling blood and the next rally will find sellers. We stay short from YM 10716, initial target is 10500, monthly pivot.
This entry was posted
on Monday, August 08, 2005 at 5:56 PM.
