Friday, July 27, 2007

No Major Low Yet!

Notice on the Three Line Break Sentiment chart that further downside is needed before
any confirmation of a major low being put in place can be called.

This is one of the reasons that I strongly believe the market is not done with its decline.
While a sharp short term rally has very strong odds it will be the precursor to lower prices yet again.

I still have my August 24th time frame as the date for the low.

Time will tell.

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