Sunday, February 17, 2008

Why 1320 on the S&P 500 is a Critical Level for the Stock Markets Health

We are coming into next week with the potential for lower prices into the close Thursday, there is a critical area on the S&P 500 that needs to be monitored.

While we believe the ultra short term low was put into place on Friday, it never hurts to be prepared for the unexpected, especially with the current market behavior.

The chart below shows exactly what I am talking about and should be printed out for reference.
That is how important it is.

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