CORRECTION

Thanks to my good friend Hubbard for pointing out a rather significant error I made in this week's post. I forgot to connect to my data feed before pulling up the chart. Consequently it was not updated with the last 5 days worth of data. Major guffaw on my part. I"ll have to put a sticky note up on my screen to remind me. Below is the correct chart which shows how weak last week was compared to the previous week. As you can see once again the 40 week moving average provided significant resistance. Nothing much changes as far as my commentary. We still need to see a strong weekly bar close above the moving average in order to change the long term outlook to bullish. Have a blessed Thanksgiving everyone.