March 10, 2005: W

After close analysis:

Markets continued to hold below 9-day ema so the short side now is in play.

Market breadth opened higher than previous day, Addq, Add, Vold found support at b/o levels and reversed/cnsld, only to resume downtrend.

Futures weren't in sync w/market breadth: opened much lower, and that explains the mid-day violent reversal. AB opened and retraced back to Triangle apex twice only to find resistance. This is important! There was "stair" or "4-feathers" pattern which usually resolves into an arc!

Indices broke out of multi-day TLs and semis were stronger all day forming what could possibly be a multi-day double bottom.

Overall neutral day!