mondayitis trading, page-3

Bionic, I just cast an eye over the monthly charts of the majors (SP, foot, dow and us). Support is broken on the yanks and the foot looks like a big sideways channel. The foot hasn't reached support yet so the yanks could dip below support until the poms test it. Support is never an exact science as overshoot and undershoot do occur. Plenty of indications on monthly chart for support around here somewhere but I wouldn't want to call a bottom. I'm still on the bull side of the fence this week (just) but I reserve the right to change that in a heartbeat.