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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