Friday, August 13, 2010

Four Straight Gap Downs

Something is very peculiar here.  There has been a sea change in market action and it is not something that should be taken lightly.  I gave the bulls the benefit of the doubt but now it looks like this selloff will not be the 3 day variety but should last till at least Tuesday.  I am looking for early strength and midday weakness.

1 comment:

Petsamo said...

EWZ, X, WLT, CLF, etc are telling me this market wants to rise. They're all trading higher or unchanged in pre-market.