Thursday, September 22, 2011

Another higher low or will we get the new lows?

The double bottom held for a few points, then got whacked

Breadth has improved off it's lows but still -2300s, not the kind of level that a rally comes from.

Big question for now is do we test the lows or put a higher low in

Either way, we are not seeing much bullish participation here.

My cycle work suggests lows to be kissed at th least

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