this past week..

SnP closed down, but barely.. just couple points. Hardly the correction it needs. Nice sell off on friday due to the GS upset, however, it barely budged the indicators. A lot more needed to give a good sell signal on the markets, or a buy on the inverse ETFs.... lots of resistance to break thru. I wouldnt be surprised if there is a bounce on monday. A double top situation?? would be nice. On the other hand, I'd almost like to see the SnP go to 1225 and get it over with already.... then a nice big 10% at least correction... better if more. Lots of bears excited about friday, however, I think the bulls will take advantage of the dip buying opportunity. Cramer says goldman was long, and not taking a position opposite of the client.. he has inside info. I wonder if he's right about that. His credibility is on the line here.