A Bullish and Bearish Case On The Market (3/19/2010)

Alright, alright...  Where are we headed people?  I've absorbed many different opinions from the tele, news stories and blogs.  $SPY made new highs, oil couldn't break resistance...yet, $GLD is making lower highs (watch that new symmetrical triangle though) and the USDX could breakout again above $81. We'll see what happens on Monday post-healthcare vote.  The best thing to do is watch the chart imo.  If the S&P breaks below 1,150 again it will be a failed breakout and potential double top, or a prep for a boring sideways channel.  I will chart out a bunch of sh*t later.   I'll leave you with a bullish and bearish case on the market.  Read this post at Beanieville Inc: Bears calling for major top, again and below is a video of Robert Prechter (Elliott Wave International) on CNBC warning about the next wave down coming. Good luck.


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