Todays rally fell apart at the seams into the close, actually was a downer from 2PM on and closed on the lows. Stocks above their 10 DMA fell below 10% again today and the door is open for a short term rally.
The action following a 90% down volume day was so uninspiring, it is hard to suggest prices have fallen LOW enough to begin a "sustainable" rally.
Topping sign abound but nothing is confirmed as yet, go with the flow.....after short rebound IMHO that's going to be down.
D
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment