moody monday, page-69

farsight/voltaire...i'm not 100% confident here....but based on the weekly chart, i have resistence on the spx at about 1375 and next at about 1420 (thu, at the moment, i doubt that there's enough momentum to carry it to 1420). moving averages on the weekly are currently indicating that the trend is still down and should continue to be down for perhaps another month at least. so, as per my previous posts, i suspect that we may get a bounce in the u.s. this week but it will probably be short and sweet - perhaps til wednesday/thursday.

thu, if tonight is a strong up, the trend has been that strong moves have been reversed the next day. to sum up...obviously, i don't know. i'm guessing up tonight, down tomorrow and up til thursday and then downtrend resumes???