rjchilia123

Market Going Nowhere

TVC:SPX   S&P 500 Index
If you were long the stock market since October last year congratulations, you are up 2.5%, which is about as good as a savings account. It is really not even worth being in this market at all. You are better off looking toward individual stocks and commodoties. We had a false breakdown in September where we broke down from the wedge/head and shoulders. The technicals have not broken down yet but they will. Now we are at about the top the wedge again eventually this bubble stock market will follow the bubble economy down. We are already some bad signs in this economy such as the manufacturing sector being in recession.
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