Lots of action lately. That minor top/sell signal that I mentioned in my last post has run down against good support that I talked about (I said it was around DOW 11K), that support is exactly DOW 10,860. We have dipped below that on the daily chart with oversold Stoch. So I believe that we are pausing to gather some strength together and move higher. However, if we have a weekly close below 10,860 in the DOW, I will be moving to all cash until we rally. Stay tuned.
Thursday, August 11, 2011
Subscribe to:
Post Comments (Atom)
I'm 25 years old and its midnight on a Friday night. Guess what I'm doing?
ReplyDelete--Michael Flowers