Lost the lows of last summer....

    GS

    Posted by kalinm on 18th of Jul 2011 at 12:00 pm

    There isn't a whole lot of support under the lows of last summer.... and we just broke under them.  The positive divergences look (to my amateur eye) like a "recycling back to zero" and they have resumed a bearish daily cross.  Doesn't look terribly oversold here either.  Finally, we have every key moving average stampeding downward at a menacing looking angle.... all in bearish configs.  

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