shortly after lunchtime in nyc.. the market hit the lows dow down 350, and then came roaring back. However, TRIN is still deeply bearish at 205 and the ADD -2900 but the tick has turned positve.
RUT stopped right above big support from the 5/6 plunge at 638, bouncing at 641. I think it will take out the 638 and I have a Fibinocci projection of going to at least 613.53, but more likely 573 (a 138.2%). For the SnP that price projection would be 1044 and then 995
Thursday, May 20, 2010
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