The Bear takes hold

As you can see the current downtrend continues,until otherwise proven wrong.I didn’t get a chance to post in the last week,just wanted to get a quick look at where the DJI stands at the moment.The bounces are mediocre at best and the selling comes with increased volume.Until the downtrend line is taken out,we will continue the test of 12,000 area,with one attempt put in two days ago.The 200 day sma sits at 11,831 not too far out of reach with the kind of down days being put in lately.I’ll try and be back over the weekend,right now I’m off to the Houston rodeo.

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