Rough Market

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jcwillis

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Rough Market

posted on Aug 18, 2011 01:02PM

Bad day in the Market. DEGH/Fuse hanging in there. Can't say that about most of the rest of the Market.

Seems 14MA/20MA is support, so sp is sticking/hanging at 0.35'ish as support. But, Market is rough, so might still expect to see this slide to test 0.28'ish depending on how long this Bearishness lasts. Unless, of course, there is a PR announcement. Most of the day is gone and usually they have their PR's out by mid-morning.