Tuesday, December 22, 2009
US Markets- Dec22, 2009
The Nasdaq is finally reaching its resistance...2251. It is the equivalent of 1121 on the S&P 500...now all major markets have completed their respective corrective retracements. It is unlikely that the markets breakthrough with such strong head winds of resistance and the dollar strength. On failure of markets to break through these final levels...shorting opportunities now present themselves for the overall market once again. Opening a maximum of 20% of the desired position over the next week...adding to it upon the markets breaking down DJIA: 10235, S&P500 1085, Nasdaq 2115.-Dio.
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