Wednesday, May 26, 2010

Reload

The sellers are going to take a break today after doing a lot of work the past several days.  I am going to step aside and look for a short entry Thursday.  The technical damage is the most severe since March 2009, so I doubt this market will be able to get above 1107 anytime soon.  Another selloff is looming on the horizon, likely to take us to at least 1020. 

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