Path of least resistance still down

More likely down than up

Despite today's slight decline, I don't think the market has found its short term bottom.  I suspect there is more room to decline for the next few days.


As a follow up to the weekend post, below is the DJIA 4 hr chart.  We are seeing the downward directional Heikin Ashi candles.  From my experience, I would not be surprised to see a larger down candle tomorrow indicating an acceleration to the downside in the short term.