3/12/2010:A few subtle signs in the tape… As the up vs down volume comes more toward flat, we would expect the SPX to dig in at this level $1146-1150. It feels to us that the short is afraid to put on positions in here. Hence the low volume. Our call is still higher. (2:00 pm)

March 12, 2010, Posted by ttbm at 2:03 pm

Currently have 2 Comments

  1. Scott Albanese says:
    March 12, 2010 at 3:46 pm

    While Copper might not be the perfect correlation. I am seeing a divergence similar to the Jan. S&P decline.

  2. Scott Albanese says:
    March 13, 2010 at 8:37 am

    Take a look at the monthly/weekly trend line
    on the NASDAQ going back to year 2000. Too close to major resistance.

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