Looking at the charts, I have seriously been scouting for something in which I could take a large long position to balance out my shorts, but there isn't anything out there that I really like.
DIG was a favorite for a while, and at first glance, one might conclude this was an amazing basing pattern.
Looking deeper, however, there's a fair bit of kruft between 37 and 39.50 that would have to be conquered – – – and the neckline that existed before is pretty badly damaged by the drop do 32.50.
The biggest turn-off for me is the volume. It is absolutely withering away. It seems that each successive "up" day in the past six has been weaker. So a Dow above 10,000 looks good on the cover of the Daily Bugle in Everytown, USA, but there's not much strength behind it.
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