Monday, February 21, 2005


The S&P 500 may rally up to a new high from here, but I doubt it will. It appears as if the S&P 500 may be cresting and join the naz in Head & Shoulders land. This coming week may be enough to know which way the index will commit. The topping pattern also shows up on the weekly chart, which is not a good sign for longs.

0 Comments:

Post a Comment

<< Home