Significant Resistence



Ran the chart this morning, I also looked at the 10 year.  This is the post 2002 - 2003 capitulation stablization level and is very important.  The economy is weaker today than it was in 2003 or 2004 in my opinion.  Earnings forecast are rosy and are going to be slammed in the coming weeks.  Graham and Dodd investors will be challenged to find value with vanishing earnings.  Buckle up, the ride has just begun.

Posted by Bradley Fluetsch at 10/2/2008 4:42 AM
Categories: Economics
 

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