18-Nov

Another test of the lows?

Wow, this testing of the lows is playing on peoples patience and nerves, this market needs to rally that is technically what is suppose to occur. As you may if something is suppose to occur and does not that is power sign in of itself. If we show no follow thru here we will likely go test the 2002 lows. The next few days is key.The last hour created another knew jerk reaction to a down trending day, closing the positive and retriggering the daily MACD_H bullish divergences. This continues to be mainly a day traders market and one must be sure they have a style that fits such conditions. Until this volatility simmers down, this market is a play ground for day traders.

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