Wow...this market is unreal, and refuses so far to break out of this whatever you call it. The board is really divided with the break being north or south. I have only been here 2 years and have never seen the board like this. I have been leaning to the long side for awhile now , and got stopped out of some things on Friday. Am still long but much less now. It seems like a giant tug o war between ugly intermediate downtrends and ST bearish sentiment. Geez, daily RSI at 50, MACD approaching 0, and the pattern waiting.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=6&dy=0&i=0&r=1914.png
50-50
Started by
tommyt
, Feb 24 2008 02:20 PM
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