We are ending the month of May with a big thud as we fell all the way back to the February low in just one month, erasing all gains that took months to build. We got a hammer, then failed again but it formed somewhat a inverted hammer, then a huge gain and finally a down again. Well the pre-holiday mood didn't help to push the US market up. Right now we are stuck below SMA 200D. Will it be another dead cat bounce or and upside soon?
Sunday, May 30, 2010
End of May
We are ending the month of May with a big thud as we fell all the way back to the February low in just one month, erasing all gains that took months to build. We got a hammer, then failed again but it formed somewhat a inverted hammer, then a huge gain and finally a down again. Well the pre-holiday mood didn't help to push the US market up. Right now we are stuck below SMA 200D. Will it be another dead cat bounce or and upside soon?
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