Saturday, August 1, 2009

S&P levels

The next level above that is significant is 1006. Please make note of my analysis from February which called for a high in the market somewhere in July. The last day of July proved to be the highest close for the market in 2009 but I still think we can go a little higher.
I hear a lot of people talking about the economy is getting better! could those people show me some proof and not just talk air :). I have said many times that the highest percentage returns in the market has been in bear markets so we must be careful with move up.
August must be noted as being an up month historically mainly because congress is on break. The market hates uncertainty and with congress being on break, we dont have that factor in the picture.
Lets see how high they want to push us but i am looking at that 1045/54 area (How many times I am calling that area ) to be some heavy resistance.


MARKETJEDI

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