You can see that we are above the 1200 level which was the previous highs working off the August 9th bottom. It's OK if we take a breather here, as long as we hold above the 1200 level.
Thursday, September 1, 2011
Market starts to look tired....
After posting gains in 7 of the last 8 sessions, and making a 10% run over that time, the market is looking a bit tired to me. Here is the chart on the S&P 500:
You can see that we are above the 1200 level which was the previous highs working off the August 9th bottom. It's OK if we take a breather here, as long as we hold above the 1200 level.
You can see that we are above the 1200 level which was the previous highs working off the August 9th bottom. It's OK if we take a breather here, as long as we hold above the 1200 level.
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