S&P 500 Has Yet To Find Support and Indicators are Pointing To Sell
Thursday, 29. December 2005
Futures for all the major indexes are down the last 2 sessions. There seems to be media coverage about the lack of strength in the economy and the possible end of economic expansion. Funny because just a couple of weeks ago there was talk about how strong it was. Mixed signals by the media is nothing new, but many traders believe they can be "right" by reading the right report or knowing some nugget of market information. It simply isn't true. Let the charts tell you the condition of the market and when to enter and exit. Do not form opinions about the market. More money will be made and you will sleep at night for the added bonus.
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