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Written by Steve Meyers   
Thursday, 29 July 2010 11:01

The market really is struggling. We did take out those support areas I cited in the a.m. blog. Can they manufacture a comeback or is it trouble with everyone looking for higher? The key now is whether or not we stay below those support areas on the close. If we close below, then we are in trouble. Getting above yesterday's low gets another higher attempt going.

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Short and Poor! |2010-07-29 11:18:43
Thanks for your continued work, Steve.
SteveM |2010-07-29 11:20:34
S&P,

It ain't easy, is it?
DZ  - RUT Confluence |2010-07-29 11:25:11
http://stockcharts.com/h-sc/ui?s=$RUT&p=D&b=5&g=0&id=p48623139100

Bollinger band sell, 50/200 Death Cross, plus price driving down throught that point all at the same time. The "640 Kaboom!"

IF this is 1 of iii of 3, and IF we are at the half trading cycle, then 3 of iii of 3 ought to finish off the trading cycle, the intermediate cycle, and the market for 2 years.

"9:15, Just to keep the bears honest, it does not hurt to see both sides with a bullish perspective. It is possible we are working on a 2nd wave down, of a 1-2, 1-2 up (gray). A break below 1056.88 would invalidate this count!!!!" - Eckert
DZ  - RUT Confluence |2010-07-29 11:25:46
http://stockcharts.com/h-sc/ui?s=$RUT&p=D&b=5&g=0&id=p48623139100

Bollinger band sell, 50/200 Death Cross, plus price driving down throught that point all at the same time. The "640 Kaboom!"

IF this is 1 of iii of 3, and IF we are at the half trading cycle, then 3 of iii of 3 ought to finish off the trading cycle, the intermediate cycle, and the market for 2 years.

"9:15, Just to keep the bears honest, it does not hurt to see both sides with a bullish perspective. It is possible we are working on a 2nd wave down, of a 1-2, 1-2 up (gray). A break below 1056.88 would invalidate this count!!!!" - Eckert
Short and Poor!  - re: |2010-07-29 11:31:27
SteveM wrote:
S&P,

It ain't easy, is it?



No doubt
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