Monday, October 05, 2009

SHORT TERM PICTURE


2 lower peaks from the high, downtrend line would form near 1055 (annotation feature NOT functioning this AM), and then previous lower peak at 1063. VIX has been rising and has done so from listed weekly support.
I repeat that I don't believe that fundamentals support current stock valuations, and the market is vulnerable to a greater pullback. We'll rate any rally vs any decline to see who is in ST control
Duratek

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