Market View 9-4-08

Yesterday / Today in the S&P-500

Wednesday 9-3-2008 Today was a nice day in the market, good money was made by finding the good setups despite the down move in the market. We hit our first target of 1267 and came very close to the 1264 target or the bottom of the trading channel.

Thursday 9-4-08 We are still in a sideways channel trading up & down, with yesterdays candle a Hammer/Doji type candle we may see more sideways chop.Start watching for a reversal signal.

Rick