DEGH DOWN 15%, US Market Down Big

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jcwillis

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DEGH DOWN 15%, US Market Down Big

posted on Sep 22, 2011 04:27PM

DOWN 15% on 97k volume. DEGH suffering from the overall Bear market conditions.

Nothing working today. US Market Sell Off was broad and brutal. Precious metals were not immune as Dollar strength, over the continuing EU problems, clobbered precious metals.

US Market showing more indications of totally going to the Bears. First was the head-and-shoulders, then the MACD going Bearish, then the death cross. Unless the Market can do a couple-three hundred point rally tomorrow (Friday), this week's candlestick is a Bearish engulfing one of last weeks candlestick, indicating even more downside to come.

Prices looking pretty good on many stocks. But, be aware and cautious.

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