i covered too early but then again i did the right thing;i took 2 quick points based on the chart. the neckline to the head and i measured the break of the neckline. text book!!!
Bulls are really fighting to hold the bottom for the day at around 8,663 on the YM. So far they are succeeding.
This decline is closing the opening gap up yesterday. Tomorrow should be another strong rally. I think tomorrow we will close above 9,000.
I wonder if the divergence between the indexes mean anything... the NASDAQ being the strongest and the Dow - the weakest for the day.
i would'nt read too much into the divergence thing. the naz qas stronger because shorts covered the semi's on the downside guidence for whatever reason. it was all semi's today.