Thursday, November 19, 2009

11/19 - SPX Update


This is one way (bearish) I'm counting this.

The alternative I like is posted by binve.

We will see how today plays out. Keep an eye on those trendlines that I drew in a previous post. 1070 and 1040 will be areas to watch as well.
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1 comment:

  1. JMNovember 19, 2009 at 1:53 PM

    Very interesting, thanks for the analysis.

    I too feel we're heading down. Not sure of the labels yet, but it feels that way.

    A commenter on another blog said that JPM, GS and others dumped into the close, which explains that big red volume bar you may have seen.

    Good luck tomorrow.

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