The Black Box

[mjk]

What'd we get, about 9.8%? Whatever, we could still do it in the next few days, every other dow low this year has taken several days or more to form, perhaps this one will too. One difference though, this was the first to tag the 400sma, and we've seen in the past that the 400sma can start some nice upmoves.

The comp also held the 50ema the past two lows...interesting how much that looks like the mar-apr 03 action right before it took off. I'm not really expecting the same though...I do think we'll find a way to go a bit lower soon...the summations are still pointed down and need more time to finish that IMO. But I really wouldn't care if we didn't.