Thursday, August 4, 2011

Whites of their eyes time?

Is this enough of a wash out to jump back into the (long side) water?

First, we are now below the 200 day moving averages across the board. Second, this impulse was harsh, so even a correction would likely lead to a continuation pattern and another push lower (at the least) before this is done

The dust will have to settle here and that could take a few days at the least.

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