Niner

Was August 6 the Stock Market Top for 2009?

July to Aug 6 has been really good to me. As for Aug 6 being the top, I'm going to be a big chicken and wait for the unemployment data Aug 7 before I call anything. But, as for Aug 6 being the high for the year, I think it is possible but not probable. A pullback to 97.5 or even 95 wouldn't surprise me though.

If we get good (ie less bad) unemployment data today, we could break out of this sideways action at +/-100.