market Direction: Follow the S&P?

[Natalie]

The SP has posted a double top around the 925.00 area, and when a market is trading down, double tops indicate more selling on the way. So despite the relative strength of the Nasdaq which keeps leading the other markets, selling the rallies all the time that the SP does not trade above the 924.00-926.00 area is the way to go, a close below the 903.00 could indicate more weakness for the rest of the week.

[forexguide]

Are you sure about that. I was not able to see that and hear about that before...

[Mayacapitalmarket]

If bulls wish to take control over bears, they must ensure S&P500 must close above 1150 with great volume -- look at this attached chart - clear sqeeze is visible - it must give breakout above 1150.

[ForexJeff]

Why 1150 and not higher?

[Phoenix]

I think the main reason CMe gave me grief was because I
wasn't saying what he wanted to hear - i.e., that the market would
keep rising. Ironically, his attack confirmed my main contention: That
money right now actually has other places it prefers to go. Whether
greater amounts of money are going into bonds or gold I don't know for
sure. Maybe it's bonds, in which case I stand corrected.

[Julia]

i guess bonds and not gold..