Tuesday, August 10, 2010

They Say Technicals Don't Matter?

Someone out there is supporting this market.

The Bulls are still in control until this uptrend is broken. They have tried to break this uptrend a few times, but the bulls have seem to always have some extra ammo to soak up the sellers right at support...Hmmmmm.

I am thinking once this uptrend has been broken we should see some selling down to 1090 and then down to 1060.

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