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    Posted December 12, 2012 by
    ronjaenisch
    Assignment
    Assignment
    This iReport is part of an assignment:
    The fiscal cliff: Messages to Washington

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    Market Reverses at Important Point

     

    Today the Market, as measured by the S&P went up to a critical point and reversed. Normally when this occurs the market will go down a bit and then go up to try to make a higher high.

     

    When it goes up to make a higher high it needs to go past the critical line noted otherwise the stock market will feel the cliff in a significant manner.

     

    The same reversal at the Advanced Andrews Course lines can be seen in the Dow and IWM, by drawing the same lines.

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