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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, January 29, 2010

$SPX


Thursday Battle over 1090 won by bears

Friday battle over 1080 breached to 1078 and setting up good for the bears. The play of the day is to get short below 1078 for the zip line ride to 1060.

Bottom line is the overall trend has definitely shifted to BEAR territory and therefore buying of dips is no longer an intelligent strategy.

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