Thursday’s Daily Market Buy/Sell Strength
Friday, July 10, 2009 at 2:16 pm
Better late than never, right?
I do apologize for not getting this up last night, but, with so many pressing matters, adventuresome exploits, and kickass proclivities in the last day, I can surely say “my absence was worth it.”
Disclaimers and bullshit aside, one can quickly glean via color-coded arrow that my chart is still bearish on the market, as it has been for some time. Â It turned bearish at 919, but was showing the weakness all through the 950’s.
Bounce or no, let the chart tell you what’s happening, and don’t worry about it until it changes. Â For the outgoing type, I recommend scrolling back through the last few weeks of updates to see the arrows turn from green to red before your very eyes.
Behold!
thanks, danny.
i’m still looking for a grind down to the 850 level over the next couple of weeks. too many people looking for the h&s thing will prevent the market from having a hard/fast slide, barring any horrific econ data.