So Much for November Lows…
Posted on Fri 20th Feb, 2009 04:51:17 PM
After this week’s four day losing streak finally comes to a close there isn’t much the bulls have to cheer about. The Dow Jones Industrials today closed below the, “all so critical” (note sarcasm) November lows and the S&P 500 is now easily within striking distance of the same fate.
We spoke on Monday about the importance of the 800 support level for the S&P 500 and it fell Tuesday with ease. Now this index will have a very tough time not testing 750 next week.
Charts below, hope you enjoyed our brand new site design launch Monday. Have a great weekend. 
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