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