Stock Market Analysis – 11-20-2008

November 20, 2008 at 9:55 pm · Filed Under Broader Market 

SPY Daily Chart

This last hour surge has become quite a bad habit now.  We were down about 3% at 3pm today, and the last hour bled off an additional 4%.  The November downtrend failed to find much support so we’re continuing down to the super long term support line from 2002.  Where will it stop?

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