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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Wednesday, April 29, 2009

$SPX - Breakout?


Was that the breakout? 882.06 for the Bulls did not break into the next higher channel and the Bad GDP, Pandemic Flu, nor the Fed doing nothing and warning of "slowing recession rate" could keep the Bulls from blasting higher.

Bottom line is:
The "breakout" of today failed to hold the 875 level - advantage Bears

UNLESS 882.60 is broken to the upside and held over the next two days....


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