Yesterday volume was small. I expected it will increase after holiday week.

Also there are no big buyers on markets right now. So it looks like markets will go down. Nasdaq broke 200MA, Dow and SP500 are also on their track down.

I expect Dow is now on the track to the 12000 points support level and Rusell (Small cap) to 700 points. I would like to short these two indexes in case they will provide some bounce. I will use Short style ETF like DOG, RWM or DXD, TWM

This entry was posted on Tuesday, November 27th, 2007 at 10:45 am and is filed under ETF analysis, Stock market chart analysis, Stock market comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.