i have been a bull for a couple of months now....made some nice gains off of the double bottom and was looking for 13,000 as a short term top....i have been hesitant to turn bear since the dow powered through long term resistance at 12,800 ( 18 month daily chart below)in fact i nearly went "all in" just the other day. :) now i think gloomy buTT is going to rear his ugly head again.
a case could be made for 12,750 as support buTT look at the daily momo indicators...looks like more downside ahead.... cap-i-tan and charger's bearish comments and charts helped me to stay out of trouble...thanks guys...and da just keeps making money no matter what the market is doing...congrats da looks like cap's bearish rising wedge is playing out.
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