Breadth Suggests Lower Prices…
Thursday, January 28, 2010 at 11:34 pm
My take is that closing at the bottom of the box, with several days of no bounce, little buy strength, and a new closing low, means that we will probably get more downside. Â I’m targeting 1030-1050, on the contingency that we close below 1080.
That said, this will be the third week in a row lower (depends on Friday’s close) and as you can see, most of the time 3/4 weeks in a row lower is a good time to cover shorts.
Thanks again for this. Hope all is well with you and your family.
Thanks Danny.
Start your week off right…2010 Pirelli Calendar “making of” video:
http://vimeo.com/8003153
Need your breadth updates this week Danny! thanks
What are we seeing now after Monday?