Monday, February 14, 2011

Happy Valentine's Day...Will u b my sweetheart?

The Dow Jones tested it's Yearly R1 Pivot(12,263) late last week and the S&P is getting close to it's Yearly R1 Pivot(purple line marked R1) at 1343. Last year, the indexes hit their YR1 pivots in late April and then had a 20% pullback into the July Lows. very careful up here!!

P.S. the NDX YR1 Pivot is 2404.... look what happened last year at YR1.
Look how much the market fell after hitting YR1 last year.