With the S&P 500 down 30 points as of 10:15 today, the index is currently testing its uptrend from the Summer lows. Whether or not it holds could determine the direction of the market over the next few weeks.
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trendlines are drawn to be broken. if you would have connected the two lows right after the aug lows you would have found that the october swoon broke that trendline. i see this on so many blogs........draw a line from the major low to the most recent low - completely ignoring the other lows made after the major low - i'm surprised you guys fell for it too. you're smarter than that.
Posted by: chad | November 01, 2007 at 05:01 PM