Bear Case:Double top at a round number, 1100. Currently trading too far above the 200 day simple moving average. I discuss this in more detail on the market wrap video for 11/13/09 on my home page, www.tradingparadise.com . Additionally the NASDAQ is putting in a text book Head and Shoulders Pattern.
Bull Case:
The market is putting in higher highs and higher lows; the definition of an uptrend. The market is trading above all moving averages and they are ascending. The market has key support levels under it at 1066 - 1080.
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