Stock Market Analysis – 11-13-2009
November 14, 2009 at 3:53 am · Filed Under Broader Market
Are we going back to this again? “I think there are no fundamentals holding up the market, but I’ll keep waiting for it to actually fall through.” Once again, the market tested the trend line at the bottom and stood its ground. It couldn’t quite make a new high this time, but until it falls below $1075 I would hesitate to say that $1100 was actually resistance since we could be in the middle of a wave still. We’ll see what the next 2 weeks leading up to the holiday season bring.
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