April 7, 2006: TD

As expected, the market had a significant reversal day to the downside. Everything was bearish and only shorts were played. Breadth indicated weakness last few days so this didn't come as a surprise.

On the chart, the Dow can't get past that critical level!! Also let's look at how the weekly low got faded at noon (happens plenty of times)...

Only setup was the 3 humper on the Dow. AB had an earlier setup on cnsld break.