Cusick’s Corner 05-21-2012
Today’s oversold bounce across the board was a short-term positive but does not look like it’s a meaningful base. This strikes me as a relief move in a larger, downtrending market. At this stage I am going to look for levels where resistance might kick in and the downside trend could continue after a couple more upside days. There is little momentum to the upside and we might be seeing a choppy market that if it comes under additional pressure, could have a Bear mode … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards