2/26/09
It is so frustrated for Bulls again. It seems the market is about holding short term bullish uptrend. But late day trading is going down just same as yesterday. 780-785 is really a resistance zone. S&P just closed above the support 750. If it breaks below, this short term rally is vaporized. It needs to rebuild it from 741-745 again. However, I am bearish about breakdown new bear market low for S&P tomorrow!! Gee, still no confirm intermediate bottom call yet for me!! I though it was 24th the day but need to visualize S&P shooting above 780 for short or at least in intra-day basis.
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