Monday, September 21, 2009

Two Major Technical Forces Are About to Collide in the S&P 500

Two Major Technical Forces Are About to Collide in the S&P 500. (Video)Since March the S&P 500 is 58% up, but isn't this remarkable recovery coming to an end soon? I would advice to be very aware that a correction will soon follow this up trend. Approaching October it will get more and more dangerous to be (long) in the markets.

Some contrarian traders have been shouting for weeks or months to short the S&P 500 or the Dow Jones and they have lost a lot of money. Do you remember what I posted earlier about following the trend? If you don't please reread that article again.

Please look at this video for a technical analysis of the S&P 500.
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