Although the market dropped hard today, the real issue is where is the market in relation to the uptrend that started in mid-July. As the chart above shows, we're right at the trend line. Another drop tomorrow with a decent follow through day to the downside this week could signal the end of the run for now.
Monday, August 18, 2008
Today's Markets
Although the market dropped hard today, the real issue is where is the market in relation to the uptrend that started in mid-July. As the chart above shows, we're right at the trend line. Another drop tomorrow with a decent follow through day to the downside this week could signal the end of the run for now.
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