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hello
i looked for a big day up for the end of this rally
yesterday was a dead cat bounce
yesterday we had only 24 more adv issues then dec issues
we made a higher hi but new hi did not expend
we made a higher low but new low did NOT decrease
mmccullen osc is in bad shape
vol yesterday was terrible (only 55 million more up then down)
this is NOT the makings of a strong mkt
this is all pointing to lower prices
how low 50 day m/a is first objective
if penatrated then 100 day is support
happy trading
Ben
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