Monday, December 8, 2008

Is Santa Coming?

Is this the beginning of the aforementioned Santa Claus Rally?

The indexes are making assaults on their resistance levels and the P&F charts are going double top breakout for all three today with price objectives of 10,600, 1890 and 1090.
  • DOW closed at 8934 about 11 points (.1%) higher than my 8923
  • NAZ, 1572, 18 (1.1%) short of 1590
  • S&P, 910, 5 (.5%) short of 915
Sitting right on the resistance levels we'd indentified it will be interesting to see what happens now. Is Santa really coming?

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