Friday, September 11, 2009

Resistance and Remembrance

National Day of Remembrance. To all our soldiers thank you for doing what you do to keep us free.


Today the market is hitting over head resistance of the 1040 level on the S&P. My thought is that we will receive a small pull back to the 1025-1030 level.

The rest of the day could be mixed, but I would think that people do not want to be long over the week end and will close their positions. I would bet we see a sell off at the end of the day.

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