Friday, September 4, 2009

the current market

As of noon today CST, he $NDX and the $SPX have both rallied up to Fibonacci points of .618 and .500 retraces of their decline from 8/28. The $SPX also has overhead resistance from a previous bottom at around 1015 or so..This could be where they stop and resumes their declines but we must watch cautiously here...

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