Thursday, August 4, 2011

We are close to a bounce

We are close to a bounce, if not today then maybe Friday, and that bounce will be key to watch. If we don't get a good one with breadth and volume backing it up, it will likely just be a bear flag that can lead us further down

We are below the 200 day moving averages across the board on the indexes, so we are in bearish territory

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