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.


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