Wednesday, June 30, 2010
Delayed by Bulls
I thought the bottom would happen today but unless we fall apart in the last 90 minutes, we will continue to go lower tomorrow. The lack of fear is preventing a bottom from forming. They are delaying the inevitable, a strong breakdown of SPX 1040 and a close below it. The longer the delay, the less confidence I have in a strong snapback rally.
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1 comment:
Maybe the bears are tired and the bulls don't want to make a decisive move.
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