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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.

Friday, June 19, 2009

S&P 500


Quadruple witching put handcuffs on the market Friday and it's anyone's guess as to which direction this market will take next week. A case can be made for both Bull and Bear with technical patterns to match. Bottom line is we are in the middle of the range and it is either going to be 880 or 1025. I give the edge to the bulls 60/40 only because the proximity to the longer term red channel bottom held this week.


For the Web's best interactive charts, please visit http://www.Prophet.Net

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