Market View 10-16-2008

The S&P, the market is having a tough time after the Dumpling Top, we are seeing follow through. This is an important time to keep watch of Price, 2ema, T-Line and the 34ema. They point out the TREND and very visually I might add so play the TREND.
As far as today goes the 2 is leading the T-Line down, if we start breaking 906 look for 836. So until we get a SWING LOW BUY signal stay short or sit out.
There will be no stock picks for Friday or Monday, there will be no Sunday night chat Sunday night the 18th. Long week in vacation.

Rick