$SPX - SharpCharts Workbench - StockCharts.com
go to www.stockcharts.com/ and bring up the chart for $SPX.
You will notice how strong the downtrend is for this move of the market. However, at some point in the near future, the market will make a strong move up. Hopefully I will be able to cover my short sales, and buy stocks for this "up" or bullish move. How will I know when this will happen.??? I will be looking for a move down on very heavy volume (panic selling). This usually marks the end of a wave down. The market is down today, and I believe it will be down again tomorrow (before the holiday). But I think it will turn up at some time next week.
Tomorrow there will be a report on jobs. This is usually a market mover. If it is a positive report (I doubt it!)the market would move up strongly. If it is negative, it will cause the market to go down a lot. This report comes out at 8:30 am. It should be interesting.
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