6:21 PM
Again! Yup. Apparently Monday is Greek Salad Day. Everything gets tossed in the air and surprise, suprise......Greece announces it can't keep it's end of the bargain......AGAIN! Is anyone really surprised? We've known that Greece was in an impossible situation for quite some time. A Greece default is inevitable. It's a matter of how bad will it be, and what might be done to lessen the blow.
So the catalyst once again gives us the reason for what the charts already knew. We ended the day DOW 10,655 (Ba-dum-ching!) The first support level we have mentioned again and again. The bigger question is......will it hold? Keep your fingers crossed!! But remember, Yom Kippur is not yet here (see the previous post). This week could very well bring about a fall to 10,000 and the capitulation we need for a rally to appear. We need blood flowing in the streets. Panic, Fear, downside VOLUME! And a little warning to everyone~ If we close below 10,000 things could get REALLY ugly.
No change in the trend table, no need for another chart.
So the catalyst once again gives us the reason for what the charts already knew. We ended the day DOW 10,655 (Ba-dum-ching!) The first support level we have mentioned again and again. The bigger question is......will it hold? Keep your fingers crossed!! But remember, Yom Kippur is not yet here (see the previous post). This week could very well bring about a fall to 10,000 and the capitulation we need for a rally to appear. We need blood flowing in the streets. Panic, Fear, downside VOLUME! And a little warning to everyone~ If we close below 10,000 things could get REALLY ugly.
No change in the trend table, no need for another chart.
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