Last Friday, the S&P 500 went right up to the Yearly R1 Pivot, gave it a little Valentine's kiss and is now starting the pullback I have been looking for. How ironic that the 2011 Bradley Model predicted a change in trend during this same time period. Will the crisis in the middle east put a lid on this rally? Will higher gasoline costs slow down the recovery in the USA? and worldwide? Will Saudi Arabia or China be next for protests? There is a lot of uncertainty right now. Wall Street doesn't like uncertainty. Hedge your positions or take some profits off.Monday, February 21, 2011
S&P @YR1
Last Friday, the S&P 500 went right up to the Yearly R1 Pivot, gave it a little Valentine's kiss and is now starting the pullback I have been looking for. How ironic that the 2011 Bradley Model predicted a change in trend during this same time period. Will the crisis in the middle east put a lid on this rally? Will higher gasoline costs slow down the recovery in the USA? and worldwide? Will Saudi Arabia or China be next for protests? There is a lot of uncertainty right now. Wall Street doesn't like uncertainty. Hedge your positions or take some profits off.
