|
This is an interesting configuration. There
is still downside pressure being applied to the daily chart, but can the bottom
of the channel contain the move down at this time? There is still a lot of
bad news out there and there is no reason to reiterate what everyone has
probably read so far this week. There still isn't capitulation, but a good
bear market rally could occur. It is expiration week. Someone has
got to buy stock to deliver against all those outstanding puts and then come
Monday will all that stock come to market? could this price objective hold
or will price drop to the target area at 10,124. The long term target
remains just under 10,000.
__._,_.___
![]()
__,_._,___
|
