Saturday, November 29, 2008

Next week

Next week we should get some positive spin from the black friday retail sale. I have been reading and it seem that sales where up from last year which is very impressive because personally I thought sales would have been horrible. Monday most traders should be back by mid day and the true direction should show up by mid tuesday.
I am in the neutral camp here short term because most money managers will be rushing in desperately to make up for a horrible year.
I am 100% that 2009 will be a shocking year especially in the first two months which I firmly believe we will test new lows and test my 4000 area on the DOW later down but i digress. Next two weeks if we go higher I am looking for ultimate resistance at 1045 on the S&P and around 10300 on the DOW. I think it will take a miracle to pass those levels in the near future and will give traders an excellent spot to short the market. Early next week I am making a firm trade call before Tuesday which should be a winner, so stay tuned.

Also I am going to give you all a KILLER PLAY for your 401k. I understand many are down and out but tell your family and friends to play this one!!!!!!


MARKETJEDI