Stock-Market-Observations

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MARKET MESSAGES

12/04/12 – TUE

12:43 – PST – The correction beginning yesterday has halted at the 50% retracement of the entire decline since 9/14/12.  It is also at the 23.6% retracement of the rally since 11/16/12.  See chart below.

It seems likely that we will see more correction before a significant rally develops.

12-04-12 SP FUTURES 160 MIN BAR

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This entry was posted on December 4, 2012 at 12:39 PM and is filed under UPDATE. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.