November 09, 2012 at 09:32 AM EST
Bears Close In on Claiming the Market for the Long-term
MINYANVILLE ORIGINAL Thursday's decline captured the target of 20 SPX points from the bearish sell trigger outlined on Wednesday (1403 to 1383). In fact all the bearish sell triggers I've outlined since the 1474 print high have now been captured. The failure of the 1403 level caused significant technical damage to the market but in this update we're going to examine both the remaining bullish potential and bearish potentials in detail. The market has reached another inflection point and further downside from here could spell long-term disaster for bulls. The odds that the market has seen a major trend ...
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