Tuesday, December 8, 2009

Today's Market

A.) The QQQQs are forming a broadening top

B.) Now we have the possibility of a double top which is confirmed by

C.) Declining momentum.

This is a general theme across all the markets -- a slowing down at the end of the year. It's been a good year since the March 9 lows. Traders will be looking to book some profits for end-of-the year's sake. My concern is what will happen after the first of the year?