Quote:
Originally Posted by tabs
Well the S&P and NASDQ closed above those key resisitance levels....
Irony of ironies that in spite of BO the SM just went ballastic and took off like a rocket..it could very well happen as it is the only game in town that any money can be made in.
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Splitting hairs, but I'd argue its at its resistance level. 1000 is psychological. 1010 is something to talk about, but I'm not a technical analyst.
Anecdotally, I've started to hear more 'common man' discussion of the market. Just in time to overshoot and correct.