Dear MSA Subscriber,
Notice in the chart below, that for the last 11 months, only during last March, SP500 Cash Index (SPX) traded below its Monthly Pivot Level (Yellow line). Given the price action today -- we hit a lot air pockets (no buyers during upswings and then followed by massive drops on huge volume) the US Market, in our opinion, is ready to crack. Make sure your portfolio reflects a defensive posture going forward for the next 4 to 8 weeks.
Edited by Rogerdodger, 20 June 2007 - 09:22 PM.
