Weekly Action

Indexes starting out the reverse of yesterday with sellers claiming crude and bad paper stories as the reason. The clock however may be beginning to play into the hands of the bears as the bulls struggle to avoid price pattern roll-over. Last week's low for the SP500, Nq100, and DJI were 1320.25, 12069, and 1763.75 respectively. The NQ100 has already penetrated that low and continues to suffer as GOOG and AAPL find sellers. The DJI is trying to avoid a third consecutive week of lower lows and the downside momentum problem it might create.