It is now May 29th, 2009 and its almost the end of may. This is one boring month especially for professionals who prefer to wait on the sidelines waiting for market direction rather than going in right away. Key technical resistance was broken on May 4th, 2009 around the 875 area. Since then we have been trading within a range between 930 and 875. But looking at the the green downward sloping trend line, it does seem to be a key trend line that the market seems to be following quite narrowly. One of these lines will break soon which will soon dictate where the market wants to go. Either way, its going to be HUGE!
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