Friday, March 7, 2008

SPX, DOW, and Nasdaq LT supports

SPX close at 1293 below 1300 support which is starting to be pessimistic. Breaking the current support, targeting SPX 1170.

DOW closed at 11893.69 below 12000, not a good sign, even though it is closed above final LT supports. Need to see finding supports.

Nasdaq closed below weekly 200 ma support even though it closed above 2200. We need to see a major reversal during the next week.

NQ, large speculators vs Commercial, large speculator sentient on NQ is quite negative.

Lucky Hillary or Obama with R.E. and financial market correction before starting the office.

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