Wednesday, September 16, 2009

9/16/09 intra-day update

The Nasadq and $SPX keep going up. Watch the black lines in both 60 min $Nasadq and $SPX closely. They are short term trend line. As long as they stay above the black lines, the market will keep going up without a break. If the black lines are broken below, that would signal the start of the healthy pullback, and Nasadad will test 2088 and $SPX will test 1047.

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