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19-Apr-08

SP500 (Market) Thoughts

My "guide" next few days which I'll file away ASAP...

SP 500. Declining trendline from last fall as well as November low very likely to stop/slow down the bull proceedings. 2 Trendlines intersecting is as good as it gets for counter trades so I'll be building short breakdown triggers especially for AFTER Ben day at end of month. I think we'll muddle sideways/higher till then.  As always, I'll trade what I see..


http://i26.photobucket.com/albums/c146/retire45/SP50004_19_08.png

 

Posted at 08:55 in Market Report  |   Permalink  |   Comments (0)     |  Top

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