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Strategies & Market Trends : Waiting for the big Kahuna

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To: blitzfund who wrote (74647)2/23/2007 9:49:38 AM
From: GROUND ZERO™  Read Replies (2) of 94695
 
The selling has begun... a close today below the 1457.40 level in the March SP's will be a confirmed sell signal, at least for the near term, I'm not at all suggesting any serious top, just a trading cycle to lower levels before the next rally...

Of course, a rally this afternoon would nullify the signal, but it appears this would be difficult for the bulls to launch now that the momentum has turned against them this morning...

GZ
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