Friday, November 14, 2008

Wary of the V-Reversal for Friday

Yesterday's test of SPX 820 after dipping below support and the explosive reversal was very impressive. However, I'm still on the road and I'd be somewhat wary of the move -- at least for today. In fact, futures are already trading down significantly on [edit] dour retail sales. Maybe that counter move will be enough to restore some upside potential energy, we'll see. I will be able to post the weekend update before Monday, so check back in before the open, and have a good one.

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