Friday, September 09, 2011

Bull is not dead, be careful- updated

 Edit :9-11
Lack of shenanigans (bear's stops run) on Friday suggest Bulls are even more serious. IMO SPX 1250 ( and higher) is now in the works. I know , the whole world is so beared up , all is gloominess but check what SPX has done during the last 23 sessions... what do you see? I know, a bear flag some ppl would say. I 'd disagree. 

In any case if we breakdown early this week then things will be clear and it will decide the mentioned question about consolidation or bottoming process.

GL to all. 

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