Monday, December 13, 2010

Overnight Markets: morning comments 14 December




Last night, the Dow Jones marginally exceeded the early November high (resistance) and then fell away in the last hour to be up marginally on the day's trading.

Both the Nasdaq (NDX) and the Small Caps exhibit a classic "waterfall pattern". (Sideways and then falling off a cliff.)

Nasdaq down -0.36%
Small Caps down -0.61%

I'll be surprised if our market (Ozzie) is up today.

Good luck
Red

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