Higher High
9th December 2008
Looks like we got our higher high on the SP 500 and DJIA yesterday, and managed to sneak a little higher on the MNX today, but that did not hold for any of them by the end of the day today. That move could provide the break in the down trend that everyone is looking for. A continued pull back to just north of last week’s lows should provide a better opportunity to get back into the market. If that holds, we’ll probably consolidate for a while, which certainly is better than the alternative.
JD
