Friday, March 16, 2007

The Chart

I just glanced at the S&P 500 daily chart again & noticed a pattern of lower highs and lower lows SINCE the big drop day. That's bad. It means there's been more real distribution despite the "relief" rallies. Be wary, imho, unless something changes. We could get hit hard again.
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1 comment:

  1. mernMarch 16, 2007 at 10:22 AM

    i was about to short ARXT and passed right before the stupid halt.

    oh well been a decent week here that wud have been gravy

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