S&P 500 – 10-14-2007
October 14, 2007 at 10:12 pm · Filed Under Broader Market
Every once in a while it helps to look at the big picture. Stepping back and looking at the weeklies, we’re definitely still in the overall uptrend. We’re at the top of the channel, so even though I know I keep saying I’m bearish overall, it would have to take a pretty large drop to actually fulfill that prophecy. A pullback to a little below 1500 would merely be a healthy correction in the big scheme of things for any long term investors out there.
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