todays action should it not recover on a close could give us important info on near term action. The narrow rally was ready to roll over. After a 220 point route on the Dow Thursday....a weak Friday does not bode well for the ST and maybe the IT trend....we won't jump ahead, but we HAVE been on guard.
ALSO YESTERDAYS ACTION qualified as a 90% plus down volume day.....I showed on closing basis prices broke below previous range......maybe signalling traders sell signal. (who else showed action that way?)
D
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