Wednesday, November 24, 2010

Trend Still down unless

Are we in a trading range of 1173 to 1200 Spx? We go up ,over bought, down oversold.
If we break 1173 a fall to 115x is fast. Nothing sticks out at me this PM but the market thinks it is now over sold. ( market has a personality)
Let the price rule. On this Blue week we have had a H, H, so tomorrow is a L
A gap up in the am could turn down rest of day, We now have room to see what happens.
I could lower the stop at 1206 but I won't.

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