Lets start with the bad news. The Dow is down again as I am writing this at around 3:10est. The good news is that it did not hit below the previous days low, looks like the market is trying to gain some footing here. What we need to watch is if it dips back below the 9976 mark it could show the bears are gaining strength. It is still flirting with the 13 day moving average. Need a break through next week so it is sitting on top of it before I will look at buying opportunities, but believe me I do believe there will be some buying oppotunities. I may look at some short term shorting opportunities over the weekend.
Happy Charting
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