Still Bearish
The chart, after all, is right. The trick is to read it.
We're getting the pull back I've been expecting, and I think it may continue. The candlesticks on the DJIA daily charts suggest a reversal and so does MACD. The DJIA attempted a rally yesterday, but gave most of the gains back by the end of the day.
Today's action was extremely bearish with selling going on right into the close.
I'm sticking with my bearish position for now.
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