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S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
61,813.37
(
1.51%
)
Post# of 42555
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Relentless Despot

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Relentless Despot

Re: Jester_Vandalay post# 39265

Saturday, 08/21/2010 11:48:43 AM

Saturday, August 21, 2010 11:48:43 AM

Post# of 42555
That does seem to make sense and does correlate with the activity I'm noticing in the market. Also helps to confirm the head and shoulders I'm seeing on the DOW. If that pattern materializes (and it's looking flawless at the moment) we will not see a return to 6800 or so.. I'm looking at 2000 or less for a bottom for a true trend reversal.. something the DOW has never seen.
Thanks for the explanation.
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