Saturday, January 30, 2010

Change of character?

This late drop looks and feels different from prior corrections during this "bull market" since last march.  It still needs to prove itself but the weak rebound attempts made were too obvious to ignore.  Here is what happened after Friday's gap and crap.  Shorting on any rebound attempt seems to be the better choice.  There looks like no support until SPX 1030 area from here.



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