Trading Wednesday turned into a bearish pattern day as breadth was negative enough to add to downside momentum. The weekly bias is up into this Friday however the high could be in Wednesday as the weekly down cycle projected high at 1487 was achieved. The last 30-minutes tanked the market back down to the 27 hour moving average. From here we just simply see which way it goes Thursday.Wednesday, November 14, 2007
Thursday, 11-15-07
Trading Wednesday turned into a bearish pattern day as breadth was negative enough to add to downside momentum. The weekly bias is up into this Friday however the high could be in Wednesday as the weekly down cycle projected high at 1487 was achieved. The last 30-minutes tanked the market back down to the 27 hour moving average. From here we just simply see which way it goes Thursday.
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