Friday, November 14, 2008

End-of-Day 11/14/08



The market bounced just above the 50% correction point of yesterday afternoon's up wave. However, on test of yesterday's high, the market crumbled. Traders were probably hoping for repeat of yesterday's performance.



The Advance - Decline Line stayed below -1000 all day putting a drag on any hopes of another sustained up rally.



The Cumulative $TICK is showing no signs of bullishness.



And, investors are showing no interest in Discretionary Stocks.

Charles

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