Wednesday, April 29, 2009

Could we get a blow-off type move instead?

Perhaps the senario that I outlined a couple of weeks ago about a break of 880 on the SPX leading to a blow-off type move could be in the works here. Too early to tell yet but it's looking this way. This market has been especially tricky of late and I can tell it has been causing a lot of pain for a lot of traders...

I'm on guard for anything today including a complete reversal of this move.

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