Yong-Long Lai

Looking at the S&P500 Index, it looks like the support level has finally broken… How much further will it go? Well from the support to the top is about 600 points, so from the support down to the potential new low would be around 200 something. Will it get there? I don’t know… All I know is that there is a technical ‘fracture’ point and the chances of it falling some more is much greater than it recovering (technically speaking)

So to everybody out there still in the market, be a bit careful… there’s definitely lots of bargains but God knows where the market is heading.

Technorati Tags: S&P500, Shares, Stock Market