Friday, April 30, 2010

Market Feels Weak

I am not going to say it is over for this market with the resiliency it has shown, but this week felt like a top was forming with the volatility and the weak finishes on Monday, Tuesday, and Friday.  I think the Greek bailout news will be sold.  The financials were weak today thanks to GS and company.  I think we will go lower next week despite the favorable calendar effect, I think 1165 is in the cards for next week.

1 comment:

Anonymous said...

If you won't say it i will, it's pretty much over.

It stands out on a chart, we are broken.

Once we take out 1169 I don't see any support until 1094...then 1056.