Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

S.P. Mini's: The Fat lady is trying to sing.

1/06/10

 

Closing Comments:

ESH10:

10:30EST (A.M)

 

We have a crucial compression crossover on the weekly chart at 1135.25/1135.50

This compression crossover began on 2/2009 and terminates at 1135.25/1135.50

Compression crossovers do ONLY one of two things

Either it terminates or rejuvenates momentum and trend.

Due to the time factor this is a very profound crossover.

I’m of the opinion we terminate the uptrend.

 

Below 1121.75 has strong bearish implications. (short term)

It creates an immediate (small)  free fall until 1100.00