HGSI DOC Top Down Review 8.10.2014
The hour is late. Sorry for the delay but I had some technical issues on the road.
This week may separate the Bears from the Bulls. We had a great close for the BULLs on Friday but the volume was low. Will we take out Friday’s high and trot back up to the 50 days SMA for a test or do we take out Thursday’s lows and head to lower lows?
My guess is both. From the short term we are oversold and may see a further bounce but from a longer term perspective I believe we are not out of the woods. Forget what I think, join me and let’s take a look at what the market is telling us.
Have a great week.