Wednesday, August 15, 2007

The Dead Zone, 8-16-07


Wednesday around 2:30 PM the market fell apart dropping below the critical support at 1417. We now have short term risk down to the 1360s. From 1363 to 1336 we have a Stephen King "DEAD ZONE" below that zone the rally up from 2002 is dead. Today projected down cycle low is 1387 high 1424. Chart displays the SP-500 McOsci breadth indicator and the dead zone is marked with horizontal lines.

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