Wednesday, March 19, 2008
Wednesday S&P Update
The S&P is attempting an incredible stabilization at 1,330 today, the mark we pointed out last week! We see more downside risk in the short run, so although our target has been reached, it has NOT yet stabilized to the point where we would recommend that our readers build ANY long positions. On the contrary, we see the 3 day weekend ahead as fueling uncertainty, considering the geo-political events in Europe and Asia, especially China and Japan. We're not pleased with the recent Bear Stearns collapse and we caution readers of potential REGULATIONS being discussed & thrown around in the days and weeks ahead, ESPECIALLY by the Democratic party. We will update you on these fascinating macro developments in the coming days. Until then, please be sure to adhere to the 11 Commandments ~ Thanks to all our valued supporters in 49 countries around the globe. Tell your friends that the Psychology of the Call has been an interesting and accurate read. Please feel free to share your opinion on this or any other post by clicking on “Comments” directly below.
Posted by Anonymous at 12:45 PM