Monday, October 26, 2009

 

Time to pay attention to all markets II

The stock market is poised to break out on the downside so I thought I would give you the levels at which the current uptrend, dating from last March, was broken. Trading below Dow < 9,500 and S&P 500 < 1,020 means that the uptrend is over until it can take out the highs put in earlier this month.

We aren't there yet so the trend is still up.

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