- TheStockBandit.net - http://www.thestockbandit.net -

Bears Maintain Control

Last week, the bears maintained control of the major averages as they produced declines across the board. Downtrends remain intact for each of the indexes. The August closing lows have been penetrated on the DJIA and RUT, while the NAZ and S&P 500 have yet to test theirs. That may mean varying degrees of correction have been seen, but no matter how you slice it, it’s still a downtrend and it commands the respect of anyone considering the long side right now.

Be sure to check out this week’s Market View [1] page over at TheStockBandit.com before you start your trading week for a closer look at the indexes and some chart comments which were posted today (and every Sunday).

Trade well this week!

Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service
www.TheStockBandit.com [2]

[tags]Stock Market, Day Trading, Stock Trading, Investing, Swing Trading[/tags]