Well the bulls gave it up after trying their best to give us a move up. If we didn't end down today I was planning on throwing in my bearish stand and think maybe the bulls really have a handle on it but there is nothing like resistance. 771 was resistance and that proved to be the monumental hurdle for them today.
Well the rest of the week should be fun because the bulls will have to make another stand or the relentless bears will start clawing back.
As I said believe it or not we are overbought and the bulls must rest.
Monday, March 16, 2009
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