Failed Break: September 4th, 2009

September 4, 2009 – 1:11 am

It looks like we had a failed Fibonacci break over the past couple days and each trading day as a whole has been very weak technically. I would personally take some off the table and hold cash (which I already did a few days ago). Realistically, I wouldn’t dive back in until that 880 level.

  1. 3 Responses to “Failed Break: September 4th, 2009”

  2. hello , been awhile i still think we make new highs this week watch the 1011.50 on the futures above that should be a parabolic move up to 1060

    By john on Sep 7, 2009

  3. Possibly but I personally believe this is the beginning of the end.

    By jmoon on Sep 8, 2009

  4. yep i have the same feeling i was expecting a bigger push upwards Tuesday cause sept 9 is the end of a cycle sept 10 should be a turn date and with obama speaking tonight on health care reform could be a negative sign going into Thursday

    By john on Sep 9, 2009

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