CeresTrader

DeadCat Bounce is Over. Dow to Test 18,000 Lows

Short
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
The Dow and the rest of the market has had a nice run in the face of terrible economic and unemployment news. Look for the market to sell off here after this weeks' s challenge of the Fibs 50-61.8% line of the initial down move. A move back to 18,000 is in the cards. A bigger decline puts 15,000 in view.

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