Look Out Below!

Monday, November 05, 2007 | 06:49 AM

Futures are getting pressured heavily this morning --

S&P500    -13.80
NASDAQ    -17.00
DJIA         -115.00

Not that we are anywhere close to them at the moment, but watch the August 9th lows. A break on any volume on the Dow and the Transports will issue a major sell signal.

For the Industrials, thats Dow 12846; The Transports are not too far the low of 4672. These are your lines in the sand.

A break of both gives a Dow Theory Sell Signal . . .

Monday, November 05, 2007 | 06:49 AM | Permalink | Comments (11) | TrackBack (0)
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Comments

China down over -1500...-3300 off its high just over a week ago... going to be a great next few months for traders....

Posted by: Brian B. | Nov 5, 2007 7:47:19 AM

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