DOW S&P Daily 28th October 2009 recap

"I was very surprised by Tuesday's trading in the US, as I expected Tuesday to be trending down and to already be around the weekly lows on Wednesday

DOW still trading above the Weekly 50% level, but the 'no control' daily bar can easily continue down.

S&P below the weekly 50% level, should hopefully continue down"

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DOW and S&P Weekly

US markets continue with the last week reversal down, however much more orderly than I expected, especially in the DOW

S&P 500 is back into the Yearly 50% level @ 1038, so this level is a critical this week, even though I'm expecting lower prices by Friday.



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