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Friday, November 13, 2009
Whatever upside is left looks VERY limited!!
After the Bell- The SPX never did make a move today that would of made figuring out the near-trend trend any easier, no higher highs, or lower lows today. The Bulls ran it up early, but were stopped by overhead resistance from a trendline drawn between the most recent highs. The two numbers I am watching are 1084.95, for the bears, and 1101.90 for the bulls. This could be part of a 1-2 down for the bears, or a part of a 4th wave up, for the bulls.
Advancers beat out decliners, 2.77:1, on some of the lightest volume seen in the last month.
The Omen, 86 new highs, 2 new lows.