Stock Market Analysis – 10-15-2008

October 15, 2008 at 11:47 pm · Filed Under Broader Market 

SPY Daily Chart (10/15/2008)

Which way will we go?  To the top at $110 or to the bottom at $85?  On the SPY, I think we’ll see $80 before we see $115, but what it does in between is anybody’s guess.  It’s probably a safe bet to say that the market will have at least a 5% trading range tomorrow though.  As usual, there are no great swing trades right now while we’re in the middle of the trading range, so unless you’re day trading there’s probably not much to do at this point.

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