The first two charts depict such a scenario. The last chart depicts a close above 1300.
Tuesday, May 24, 2011
The Razor's Edge (S&P 1300)
We are tip toeing along The Razor's Edge this week. It can be seen as the red line in my charts. If we break the S&P 1300 to the downside tomorrow, the damage could become severe. A close below 1290 should assure more downside.
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