Monday, May 19, 2008

Case30 19May2008



- The index dropped bellow 50 days WMA and 200 days WMA.
- A small rebound in ONE day failed to close above my important resistance 10,600.
- Tomorrow will show the real intention of the CASE index.
- Failing to close above the 10,602 will mean I will SELL the market until a proper rebound near the 9750 ~ 9800 range.
- This will mean the market is NOT in an up-trend short.
- Swingers are the ONLY players with caution; bears are ruling short.

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