Tuesday, September 28, 2010

Bearish For Wednesday

Today's price action, which on the surface seems tame, due to the market being down just 3 points, is actually bearish.  The market is accepting value below 1140 after 2 days of trading above that level.  Complacency has gotten high enough to where we can see sharp swift downmoves, like we did this morning with more frequency.  The trade should continue to be choppy today.  But  I am expecting a gap down for Wednesday. 

1 comment:

Anonymous said...

i love ur posts. problem is things are not usual here. u have folks manipulating it up, and up and up.