As you know, one of my specialty tools is (certain) angles trend-lines. If you look at one of previously posted charts of SPY, you shall find this trend-line.
I believe, based upon this analysis (along with the other previously presented analysis), that Financial Markets have reached an intermediate resistance, thus an interim top
3 comments:
Thanks for the updates!
looking forward to your posts in 2010 and beyond.
MS What is your forcast if we take out the 112.70 area?
We are close and that appears to be the upper trend line?
Thinking 114 possible...
Thank you
Susan
likely decline date will be around and after 6-7 Jan 10, imho. Thanks for the chart and angle analysis.
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