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  • Nicholas Pardini
    S&P broke through 1220 and the MAC-D crossed bearish. Economy is in Europe and US still fundamentally weak = time to short or add to shorts
    12/14/11
    Reply (5)
    • pablo63: Agreed ! I think we are going to S&P 1180 ...then 1150 Your opinion ?
      12/14/11
    • pablo63: I like SRTY !
      12/14/11
    • Nicholas Pardini: 1150 and 1110 are the next major support levels. However, this debacle in Europe and the exposing of a weaker than expected economy will
      12/14/11
    • Nicholas Pardini: drive markets down further. I think we bottom out at around 980-1000, possibly overshoot to 900 but not likely.
      12/14/11
    • Nicholas Pardini: There may be rallies on the way down, but they won't break the resistance line sloping downward from 1260
      12/14/11