Support and Resistance Trading Forum

Lookout Below!
By:Erich
Date: 9/21/2010, 11:48 pm

Okay, I know I tell you all the time not to "predict" where the market is going next, but in this case I can't help myself. Starting tomorrow (Wednesday) I think we're going to see the stock indices begin their slide lower. Why do I say this? Well, for starters we've got strong resistance at the highs. The Bonds have also started a big rally and Gold and Silver remain strong. All in all I think it spells "L-O-W-E-R" for the stock market.

Of course now that I've come out in public and told everyone the market will head lower watch it scream to new highs... but I don't think so.

Erich

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