Monday, July 21, 2008

21Jul 08 - PreMarket (DOW Weekly)


it appears that DOW is attempting a rally, at least that's rsi is indicating. however, there are several immediate key resistance points that must be overcome for rally to continue. meeting and failing to break up can inspire pandas and grizzlies to come stomping out of their cages.

perhaps, establishing a Bear Call Spread, is a possibility here...

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