From Friday, things looked unclear.. Phase was divergent, but there was an ominous Bear flag target of 8300....With manufacturing figures down, the inevitable came to pass. Down, down, and more down, right to 8300.Whoever says you shouldn't look at charts and be swayed should maybe think again. True, generally, but it doesn't hurt to be well informed and prepared for what is to come. Seing the obvious down at the start of the day, doesn't it make sense to remind yourself of the Bear flag target of 8300? Is that another Bear Flag that has developed at the end of the day? If so the target is around 8100. Phase is hammering the bottom of the channel. RSI and CCI made harder lows and no sign of upside.Closed 350 odd points down of which 150 went before the open, leaving 200 odd in the pot for grabs.
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