OK Folks, Getting Real Scary Here
As the attached daily chart highlights, the DOW made a clear break of the low end of the range (triangle pattern), after a very volatile morning on Thurs. Now we may get some ST strength following the decline over the past 2 sessions, but do not get lured into looking for a low any time soon. Any rallies will fail, this market is going much lower. Stay bearish under 8497. Look for an initial test of key chart support at the 2002 low, 7197. This level should fall after a brief period of consoli
Original post by thetraderblog.com