Wednesday, September 21, 2011

Market Falls

Well, it finally happened. All those low volume up days finally caught up with us. Got hit by a big volume down day!

Bottom line, we just started the second leg of the bear market. Take time and notice the last 6 weeks, it was the S&P and DOW biding time. The S&P came up and hit the 50dma and then broke down.

Every commodity was in new low ground. A very brutal sell off into the close. EVERYTHING IS NOT OK!

This leg of the bear market is of unknown price and proportion.

I got caught up in this action thinking, you can't fight the fed. My lesson learned, the market can fight the fed!

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