Monday, August 23, 2010

Reference previous SPX chart

1063 low next level to watch for support.

I think the market is setting up for some kind of rally, unless selling volume comes into market, this time of year however low volume is the norm....with MANY individual investors exiting because of lack of returns over last 10 years....storming into bonds.

That said, IMHO we have a traders, a pros market....so if you are trading...you better be good.

Many pros laughed as some poured into junior miners and commodities during and after 2000 bear market....only to see those who did hit the JACKPOT!.....I think in a lot of ways, easy money has been made....

D

No comments: