Monday, February 8, 2010

Lower Prices to Come?

After Fridays candle I was feeling better about the market taking a breather, and possibly going higher. Well, I through that out the window with how today settled up, and my short term target is now the 200 day moving average. Short term resistance is 1070; today we came up and tagged the 1070 level in the S&P and then moved aggressively lower.

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