FWIW - I think caution is the name of the game here.
Broke below 994, test back up maybe, but we can't underestimate the USD rose last night on big volume - so with so much bearishness on the dollar, bullishness on the indices, there might just be a surprise dollar rally into the 84 region - I'd imagine that will be bearish for stocks.
Looking for DJIA 8500-8700 - and then stocks to continue rallying into 2010.
For me the USD holds the key. The Chinese market led the charge up and its fallen over 15%, so are the other markets perhaps going to have there 10-15% correction?
We'll find out soon.
FWIW - I think caution is the name of the game here.Broke below...
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