We have been concerned for some time that the market was in a rotational phase and that some key levels were being tested on the upside. The yesterday's action, Tuesday, can only be viewed one way, and that is negative. We do not expect this market to make a miraculous recovery to new highs and would not be surprised if we have seen the highs for the year.
In today's short video on the Dow, we look at potential downside targets that this market may be headed for. One of the key things to remember in trading, and this applies to all markets, is perception. This is why technical analysis plays such an important part in detecting shifts in market perceptions. Our "Trade Triangles" have done extraordinarily well in this environment.
Just click here to watch Did You Pull the Trigger on The Dow? and as always you can watch our videos without registration and there are no fees involved. Please take a minute to leave a comment and let us know if you pulled the trigger on the DOW.
Watch: The S&P 500 Went South....Did You Cash in Your Chips?
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