Wednesday, October 10, 2007

Equity Market Comment 10/10/07

The Bearish Diagonal Triangle is still in effect as it came down to the bottom of the triangle and bounced today.

The intra-day decline and the severity thereof shows that this market is short term vulnerable.

The market action today was a day trading dream, capturing both the decline and the advance.
Better than 18 total S&P points!!

Remain hedged!


No comments:

Trend Analysis LLC Headline Animator