Dominant Downward Path

Tuesday’s heavy-volume sell-off with an 18 year high in new 52-week lows for the NYSE is the kind of thing markets tend to rally from.

As the selling exhausts itself, there’s often nowhere to go but up.

Wednesday and Thursday’s rebound is long overdue, but we can’t ignore the still dominant downward path the Bears have been paving for us.

And more importantly, as Growth Stock players we need to wait until next week for any sign of a follow through day via heavy institutional buying to give us a signal to buy.

Stay tuned…