2/12/09On last trading hours Bulls are showing their hand, market got its technical rebound. Actually, the short sellers are recovering some of their short positions. However, the damage is done. Dow indexe is trading lower low and gradually dragging S&P, Nasdaq too soon. Also, the CPCE chart is showing the top of market very soon. Watch out below, folks!!! Remember, I am seeing the 800-805 of SPX is last support to keep this range trading. Once that mark is gone, 740 is next stop for SPX. By the time if SPX is going down toward 740, DOW indexe is probably trading new lows around 7000-7200. Also, Nasdaq will also going down faster than you think while the next leg down. No matter what our government do, it will not help at all.
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