Monday, June 06, 2011

FAN LINES


DOW rolling over but it isn't dead yet, too early to call END OF BULL MKT. Remember the data may say one thing, the market may say another, only the market matters.

My GUESS is we are very close to lower support, and could now see a bounce, a break of 1294 IMHO would change that.

We have had 5 90% plus down volume days without a 90% up day answer.

About 6 MILLION manfuacturing jobs have been LOST since 1998.

REFER to "SPX SET UP" below to see the multi month sideways action with one high and low extreme.....of ocurse breaking one of them would be a clearer message.

Duratek

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