By InTheMoneyStocks.com on January 15th, 2010 12:57pm Eastern Time
The markets have fallen dramatically today. This may be the biggest down day in over a month on the DOW. The key to this sell off was noting the double top hit at $115.14 yesterday on the SPY. Chief Market Strategists had said this would be the top going back to 01/11/10 when this level was first hit. Sure enough, a beautiful double top nailed, hard selling today. In the Nightly Technical Analysis Video, Chief Market Strategist had even noted that with the high probability of a sell off today, we would have an M pattern. Note the chart below. Premium subscribers in the Intra Day Stock Chat and Research Center Video are enjoying the profits from being on the right side of the trade again.
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