pitaking

An Investor's Guide to Bear Markets

Well done. Todays action makes me think that the next down leg is coming soon, the real leaders (commodities) have been taken out and the only strength on my radar today was XLF, XHB and RTH, all of which I wouldn't hold out to pull the market to new highs. The S+P can't break the 1295-1298 area and a fall through 1265 could mean an elavator drop to 1200.