Friday, February 19, 2010

Short Term Alert: Near or at sell signal

Will be a quick message here as I've been a bit busy. Stock market did continued to move higher as I anticipated from my last post. But we are now reaching price levels where I consider to be at or near a short term top. If it is then there are two scenarios I see developing... 1) a brief short term move down before another move higher... 2) a bigger move down that could break below the recent lows set in early February. I'll update more later as I see any new development. Another note, my medium term forecast continues to be the view of further weakness for the 1st half of 2010.

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