Friday, November 18, 2011

Failed Pattern:

 The S&P 500 was developing a nice bullish continuation pattern called a PENNANT......... That pattern has failed in other words a new trend has developed and that's to the downside...... People beware the only thing left is the G20 meeting but of which not expecting much....... covered my short position today why low if not horrible volume next week and reevaluating everything and for a potential recover rally ....................... One more thing to watch is 1225 Level of S&P if it cant close above that and hold for a few days  another leg lower will be taken

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