Tuesday, May 26, 2009

Some PreMarket Bearish Indications 05/26/09




So far, the market is staying above the 872 - 875 area. However, the series of decending triangles is bearish. The market is now trading just below the small support area created last Thursday, which is now a resistance area. If the market closes below 872, it will probably test 833.
Charles

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