IMHO, the DOW is set to fall, it is BELOW both 20 and 50WK EMA's and both have converged, similar pattern found when top was built in 2000, this time to an ever weaknening MACD which looks to break below zero.
Potential for relief rally on Monday as Rita was much less than feared.
Duratek
2 comments:
Not today away.
I said over weekend, I was looking for"relief" rally, and here it is.
See how it closes for conviction. SO far a pussycat Sept/OCT with OCT looming, no pullback here, maybe NO end of year Santa either.
D
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