The short-term trend has just signaled: DOWN. The technicals are all negative. Technically. it is at the bottom of the range and should still signal a bounce up; however, Our "Formation Forcaster System" is signaling a high potential for a break-down in the support area. We don't usually like to trade before confirmations, but this signal is flashing "High Alert". Dow 11,000 is a very strong floor. Bear attacks have not been able to penetrate it for very long. We believe the floor will break.
Interesting to watch-let's see.
