Orderly retreat on the break with the bears on the verge of a downside confirmation in their third attempt to close the indexes in technical jeopardy since August. They have worked hard for a long time and have the Dow Transportation Index providing evidence of recession. But we have been here before and each time the bears have failed to hold the market down. The trading action of going down' bid ' continues to indicate the presence of buying interest from cheap dollar beneficiaries. The NQ100 has had a particluary tough time this week as it continue to retreat from solid action in 07.
Tags SP500 1427.5 1423.5 NQ100 1989 2015.5 STI D
