daytrade diaries... friday, page-177

DJIA hit support and bounced back a little, still ending in the red.

XAO could test 3200 to the downside.

O'Neil coined the term 'follow through day', where an index would be up >3-5% on much higher volume. This would often mark the beginning of a bull run. I can't see it happening on either index, but keep an eye out for it.

I expect both indices to inch lower and lower.