We Need More Fear

So far, the market action is just about what we would expect. The decline that started last Friday continued on Monday and dropped the S&P 500 to the 1840 level, which was the support area it touched in mid-March and again in late March. Then the indecision session on Tuesday was made evident by the narrow spread between the open and the close and the shorter Equivolume entry. On Wednesday, also much by the book, the markets rallied, but with less than impressive volume.

It seems to add up to a decisive and disturbing drop followed by a less-than-decisive partial retracement, and it suggests the decline is likely to soon go lower....296 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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