Friday, June 21, 2013

Joe Friday…Most index’s above support after 350 point Dow decline!

by Chris Kimble

 

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The Dow declined 353 points yesterday, wiping out 6 weeks worth of gains. The decline has become a major focus of the media.  Did the decline break support levels from where the rally started in the fall of 2012?

Joe Friday....Despite the large decline yesterday and the softness over the past month, support from last falls lows is still in place!

For the market to be in trouble, support first has to go and so far, it has NOT...

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