Browse > Home / Pre-Open / Market Update: My Note On Caution at 1285 Has Proved Correct Thus Far

Market Update: My Note On Caution at 1285 Has Proved Correct Thus Far

August 27, 2008 11:39 AM

It is possible that we may have already seen today’s high, but not certain of it. I do not like long near 1285 for certain. If we clear today’s low, especially late in the day, we may pressure yesterday’s low. But this is clearly undecided as of right now.

Real Strength has come after time as I expected. But 1285 area may be a BIG problem. If we clear 1285.50 on the futures we should test 1290-1294.

2:18 Update: 1285.25 was a lid, thus far as i warned. This is still in doubt however….

Written by Tom@StockBlade.com · Filed Under Pre-Open 

Comments

One Response to “Market Update: My Note On Caution at 1285 Has Proved Correct Thus Far”

  1. Tom@StockBlade.com on August 27th, 2008 12:22 pm

    It reversed at 1273…. CAUTION near 1285

Got something to say?