Poll, Is The Low In?

Vote! It's your civic duty.

 

I voted...

 

48 to 19, Bears more than two to one against bulls.

Contrarian buy opportunity.
Some nuts are about to get squeezed.

peace

axeman

 

This question has been resolved by a downside swing on the DOW so far today (to 11am).

Received a swing and momentum report earlier this morning suggesting support at current levels (or possibly down to 9900) with a following bounce to 10350.

While admittedly being bullish on the DOW I don't myself try forecasting specific weekly/monthly/short-term trend figures.

 

First fibonacci retracement comes in at 38.2% or:

1096

Today's S1 and S2 in the S&P June Futures:

1106.30 and 1094.40

 

DOW at 10350 more or less reached as per previous report.

The next swing and momentum DOW report which I received this morning suggests 10100 being tested, probable support above/at/around 9915 and a bounce either end week or starting the new week.

Don't myself trend trade .. so its just an assessment.

 

Hey Pabst,

We finally got some heavy duty selling done today, with the Up Volume at 115 million shares and the Down Volume at:

1.319 billion shares . . . Can you say 11:1 downside volume?

Sure, I knew ya could!

 

selling exhaustion?

btw, where do you get your numbers

 

paraphrasing an earlier post, there is a very high probability we have not yet seen either the low or the high for the year.

 

Those are numbers from the NYSE.