Wednesday, October 22, 2008

S&P 500: Which Way Will It Break?

As the S&P 500 falls another 5% today, the index is now trading at the low end of its recent triangle formation. Investors with a technical bias will be watching to see if this level holds in order to determine whether today's decline is a successful test or the beginning of another leg down.

SPX Triangle

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.