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"While a lot of attention is being focused on the S&P 500's move above 1,000, most chartists are probably focused on 1,005. As shown below, the S&P 500 failed twice to rally above this level back in October and November of last year. If the index manages to meaningfully break above 1,005, there is little in the way of resistance for the next 95 S&P 500 points."

Gentlemen, you have one of the best & most unique mkt sites online. Much of the info that you focus on is info that i consider important i.e., sequences, sector data.

Having said that i must say that since you have basically repeated the above info today "Just as the S&P 500 has little in the way of resistance between 1,005 and 1,100, ..." that this is just plain sloppy work.

Fact 1: Oct 14, 08 S&P 500 high 1044.31
Fact 2: Nov 4, 08 S&P 500 high 1007.51

1044.31 > 1005
1007.51 > 1005

Come on guys, your work is better than this.

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