Monday, April 6, 2009

S&P Should Charge Lower in Coming Days; April 6, 2009

The S&P is showing signs of bullish exhaustion, and after today's action it's now showing internal and external weakness. The rally should exhaust soon, within a few days, and heavy selling should resume taking the index to at least the 800 level, but probably the 760 area before attempting a bottom.

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