At this point, the momentum may carry it down to the March lows. I would not be long here at all until the dust settles.
DOW Daily Chart:
Wednesday, June 11, 2008
DOW: One Good Trendbreak Leads to Another
I gave the DOW the benefit of the doubt yesterday and remained bullish since it managed to stay above the 2 day uptrend line, but my hopes were dashed today with the trend break.
At this point, the momentum may carry it down to the March lows. I would not be long here at all until the dust settles.
DOW Daily Chart:
At this point, the momentum may carry it down to the March lows. I would not be long here at all until the dust settles.
DOW Daily Chart:
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