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Friday, August 13, 2010


Market recap:
Friday left us with a Black Spinning Top. Confirmation from a Long White Candle will be required for a reversal of the short position establish several days ago.

Currently below the major moving averages 50, 200 & 255, with most indicators looking bearish.
The forks clearly pointing the way down until violated.

// End of market recap for 2010.08.13 //

13:30 ET
Adjustments have been made.
Looking for a late day sell off to the low 1070's
12:16 ET

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