imported post
I am hating this breakdown. The S&P 500has fallen below support levels and it wouldn't surprise me to see 1100 before long. This is not good. I hope it is a temporary reaction to earnings warnings and the Kerry/Edwards ticket announcement. It may be worth pulling out if we get a bounce only because of the technical breakdown. I still like the marketgoing forward six months, but the short term could bring more carnage.
No action today.
Tom
I am hating this breakdown. The S&P 500has fallen below support levels and it wouldn't surprise me to see 1100 before long. This is not good. I hope it is a temporary reaction to earnings warnings and the Kerry/Edwards ticket announcement. It may be worth pulling out if we get a bounce only because of the technical breakdown. I still like the marketgoing forward six months, but the short term could bring more carnage.
No action today.
Tom