Tuesday, 7 June 2011

Continued selling pressure

5 red weekly candles....now we have 5 red daily candles and today an inverted hammer.The market should have bounced today (or yesterday) given rsi,the gann line support on the dow etc so I think there is a real risk of acceleration down now,into the end of month cycles.At a minimum the 200 dma should be tested.I think the Dax will gap through that neckline

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