Thursday, October 21, 2010

Still topping...

Well, our test of the 89 SMA and the symmetrical a-b-c turned out enough to eek out a new high. But the market is still caught in the topping pattern I mentioned before. The REAL test of the market will be how it handles the next decent sell off. Until, then it is struggling upstream with what appears a never ending line of sellers above 1180.
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