Per Joel's post the other day http://www.agetblog.com/tradingtechniques/2008/07/where-is-the-pa.html we are now set up on the ($SPX), ($INDU), and I'm sure many other markets for another leg of the down swing. The trend is down, so we need to look for opportunities to short! Watch for triggers in these markets. The DOW is in about the right spot to close outside the RTC today! It is also perched upon the 1X1 Gann level of the last down swing. A break of this level should produce a good leg down.
Be Prepared!
nate mccartney
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