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The break will be to the downside!


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#1 oextrader

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Posted 21 February 2008 - 05:31 PM

They way I see the Dow has to test the 200 week. When that happens I see the other averages may try, and test their 200 week averages from below where we can get short again. Rick

#2 mike123

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Posted 21 February 2008 - 06:31 PM

No brainer. You can feel it. Operators tried to push price up, but no buyers at higher levels.

#3 oextrader

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Posted 21 February 2008 - 07:34 PM

They way I see the Dow has to test the 200 week. When that happens I see the other averages may try, and test their 200 week averages from below where we can get short again. I hope it a no brainer.
Rick


We will see what happens if hourly RSI works it way back up. It looks oversold to me at the moment. I hope it is a no brainer
These new boards seem to mess up.
Rick

Edited by oextrader, 21 February 2008 - 07:38 PM.