Tuesday, July 24, 2007

More Selling

Couldn't catch a break today. Felt like a lot of selling pressure on the breaks I was watching. Time to double my dosage of St. John's Wort so as not to slip into a depression for my failed trades.
Big time hurt-down put on the Energy sector. Big time sell-off in the DJIA end-of-day on high volume, but it found relative support at the 20EMA.The Russell2000 was fed a plate of whoop-ass today; falling through its trendline and not quite down to the 200EMA.
S&P500 dipped just below its trendline. Looking for a bounce back above the 50EMA tomorrow, or else...b-bye.As for the Nasdaq; more selling, bringing the index down to the lower range of it's channel still above it's 50EMA. The selling could have been a lot worse for sure.

No comments: