Critical supports need to hold
Just a short message on stock market. If S&P 500 doesn’t hold 1040/1050 today or through this earning season, then I will turn bearish again. Holding at this level is critical to paint a chart of higher low than the last low at S&P at 1010.
Markets have been extremely volatile. It’s best to step aside. Volatility is often a sign of nearing the big moves either way. Betting money before the market make up its mind can be hazardous.
Best luck.
Frugal at 1stMillionAt33.com
July 18, 2010
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Posted by Richard Dunn
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