Thursday, January 21, 2010

1110

Anyone see where we stopped on the downside 1110!!!!!

Man I guess I am not too rusty after the holidays. This morning I pointed out when we were -88 on the Dow that the first hour will likely mark the direction of the markets and that's the reason I said we should go lower. Wow that was dead on we are now -200 and we really look like we are forming a bear flag on the hourly charts.

I will run some more points of control tonight to see where we can go but a break of 1110 would not be good for the bulls. Next point I have here on a quick look is 1098

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