Tuesday, May 12, 2009

SP's


Well we finally broke that rising wedge pattern that I have been posting the last two weeks. The question is whats next? Do the bears get a chance to make some money? I think the bears will push this at least 10% $800 or so, then the bulls will jump in on a healthy pull back. Then the game gets interesting, like last nights Nuggets game(it was close).  Watch volatility levels to confirm weakness or strength in the coming days. 

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