Traders who read my last post probably profited from buying off the bottom. Now it’s probably time to take some assets off the table.

Long term double top

I feel it’s likely the US stock market may see a deep downturn soon. If it breaks through the key support levels of 1360 on the S&P we may see a full bear market cycle emerge.

double top

Be careful trading this market. Good luck everyone!

Posted by Alex, filed under Stocks. Date: December 12, 2007, 4:40 pm |

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