Stock Market Trend Analysis 12/11/08

There will be no video today. The setup I use to record with is on my main computer which I do not have access to because it is being cleaned from a virus which I received from an email attachment. Once again, I ask that if you email me PLEASE DO NOT SEND ANY ATTACHMENTS, I refuse to open them. I should have the recording issues worked out by tomorrow, meanwhile here are some charts.

A one sentence summary of today’s activity would go like this…. Short term support gave way and sellers returned in force below the declining 50 day moving averages.