Sunday, November 22, 2009

Market update 11/22/09

Ok! We got the side way action last week as I anticipated. S&P500 finished where it started.
This week we should go down. We are very overbought.
Pay attention to 1073 it could act as support. If S&P500 moves below 1066 bulls are in trouble. On the other hand if we shoot higher the next pull back will be bigger.