Friday, April 30, 2010
Market Feels Weak
I am not going to say it is over for this market with the resiliency it has shown, but this week felt like a top was forming with the volatility and the weak finishes on Monday, Tuesday, and Friday. I think the Greek bailout news will be sold. The financials were weak today thanks to GS and company. I think we will go lower next week despite the favorable calendar effect, I think 1165 is in the cards for next week.
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1 comment:
If you won't say it i will, it's pretty much over.
It stands out on a chart, we are broken.
Once we take out 1169 I don't see any support until 1094...then 1056.
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