Thursday, September 2, 2010

S&P500: 1100 is the line in the sand

A solid break, out of the channel! Expect initial resistance at 1090.

Expect stiff resistance at 1100 - the historical resistance, as well as the location of the downtrendline. In other words, it may be the line in the sand separating bulls from bears.

Meanwhile in Asia, Shanghai Composite seems to be in the "crouching tiger" phase, before a possible break above 2700. All the best!

Sunday, August 29, 2010

Bankers' Song - We Didn't See It Comin!