Wednesday, June 17, 2009

The Big Wilt



I realize that the larger trends of the major averages are still positive AND I realize that the volume of this most recent distrubution of the major averages is very, very light.

However, in spite of all this, I think if long time support levels are breached, volume could become heavier and the rally of March '09 will be officially toast.

But that is premature. Support has to be breached first.

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