Market Poised on Edge of Cliff so Watch Closely

[MNeagle]

Today is the day – the market officially tested the February 2010 lows in the Dow Jones and S&P 500, a very likely downside target that has been fulfilled.

The question is – will the market hold these levels or continue on through them? Whatever happens at these levels will set targets for the near future, so watch closely.


charts: Link to Charts (http://blog.afraidtotrade.com/market-poised-on-edge-of-cliff-so-watch-closely/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+afraidtotrade%2FNRSd+%28Afrai d+to+Trade.com+Blog%29)


EDIT: Changed long link to named link to prevent horizontal scrolling. -Gaillo

[General of Darkness]

I'll bet the PPT activate in about 2 hours. ;)

[jedemdasseine]

Martin Armstrong on the current state of the markets:
http://www.martinarmstrong.org/files/Closing-at-10520-32-Down-3-2-5-14-10.pdf

[jedemdasseine]

Besides the DJIA and the S&P, don't forget to watch Dr. Copper:
http://www.kitcometals.com/charts/copper_historical_large.html#1year

Baltic Dry Index:
http://investmenttools.com/futures/bdi_baltic_dry_index.htm

Platinum-gold ratio, too.