Tuesday, May 20, 2008

Today's Test

Both bulls and bears finding small victories in yesterday's action. Today's early action seeing pressure from PPI data. Bears need a failure a some proportion to damage prices before the three day weekend. Bulls just need to defend lower part of upper range. Jan 4 close line still key areas for DJI, SP500 and NQ100. They are 12800, 1423, and 1985 respectively.