Monday, December 17, 2007


The 13200 number appears to be an important level for the Dow. Its around the early December lows. A close below 13200 could see a pullback to test the November lows.

The S&P 500 is currently below is support level of 1460 and is signalling a retest of 1400 is in order.

The Nasdaq appears to be ready to fill its gap around 2580 or so.

The markets are weak this morning despite the Fed credit auction that will occur later today and word of more liquidity injections. Despite current weakness I would not rule out a rally in the closing hours.


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