The DOW futures were able to move above the trendline resistance but failed to reach the 100-day MA that I mentioned in my previous entry. Now the market is failing miserably and those of you who got SHORT near the 11200 level are looking pretty good so far. It's still too early to tell if a top in in place but I won't be surprised if 11225, today's high in the $5 DOW, is the high for this retracement rally in this long-term bear market in the Stock Index futures.
Dale F. Doelling
Chief Market Technician
Trends In Commodities
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