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Futures set for tough open
Oct 24, 2008

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Declan Fallon

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Assuming another smack down at the open what will this mean for the double (now triple) bottom I was looking for ? It looks like it's a goner... The symmetrical triangles TraderMike talked about are about to set up measured moves down. To add insult to injury, all the Bullish Percents have switched negative after an all positive turn a couple of days ago.

The real struggle is in tech. Since the second bullish piercing pattern had me looking for a double bottom the index has struggled to mount any sort of challenge on the neckline at 1,900. An 80-point gap down would make this toast.

Watching Summation Indices for a 'Buy' as volatiltiy shapes a triple top:


by Declan Fallon (Fallond Stock Picks)

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