Point of control is 904.75 watch approach to 898 area as this area of support is where the fed has been feeding the market.
29
May2009
27
May2009
Early in the day there was the sense that follow-through buying from yesterday's poorly media explained upmove (it was only a little about the Consumer Confidence number and much more about computer-driven sector re-allocation) was at hand.
27
May2009
t does not appear to be computerized or algorithms trading based on the price action we have studied. Something is holding up the bid. Once this bid pulls back, we believe there is a high probability that the market may again test the 878.94 level in the SPX, which would ... Read More