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Open Question
Dan,
What do you think of the SandP chart? I'm new at reading charts, but it looks
to me like the upward channel that it has been in since March 6 is being tested
to the downside today. Do you think there is any technical signifigance to the
~840 level?
Thanks,
Mark
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I think the S&P is just doing what it does -- continue climbing in an uptrending
channel. Probably going to move lower for a few days, and I don't like the
bearish wedge that is forming. That often precedes a downturn. If/when that
downturn actually occurs, then we get our test of the March low.
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