Tuesday, June 16, 2009

The Breakout is here....

This must have been a field day for the bears, because we saw the break down yesterday with a late sign of indecision (throwback into the range) which has been convincingly followed through on the downside (aka CONFIRMATION) today with a late day push down.

This all is pattern textbook stuff and sets up for further downside (next target 880) and creates a preliminary bias to the downside that has the potential to run some weeks......

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