S&P 500 - November 12, 2009 - Intraday

The drop/pullback that I talked about in the previous post materialized. Market did every trick in the book to chop as many as possible.

The 1100 level of S&P saw quite a bit of activity in the early going.

I shall keep an eye on 1090 to see if it holds, and 1100 to see if it still attracts sellers.

This is a very dangerous market:

Hostile to the bears.

Extended for the bulls.

Trade Safely!