Aug 30, 2010

Markets gave up much of Fridays gain on very low volume

Short-term: 3 yellow, 1 red – downtrend continuing
Intermediate-term: 4 yellow – downtrend continuing
Stock targets: 43% swimming, 16% sinking, 41% sinking

Divergences are becoming pretty clear – many stocks still OK, many sinking. Not personally inclined to do anything until next week.

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