All Entries Tagged With: "bounce"
Market Overview – July 31st, 2008
It’s been a few weeks since I did a market update post. I apologize but it’s been a busy summer. If you’ve been following things the last week or so it’s been a crazy volatile market. Up big one day, down big the next. If you look on the chart below, the rally that started [...]
Market Overview – July 11th, 2008
I want to point out something I brought up in the last post and may prove valuable this week. Notice the horizontal trendline around the 11,000 level in the Dow. This area acted as resistance in ’99-01 then again in ’04-05 before it was finally broken and provided some support in ’06. Given the the [...]
Market Overview – May 20th, 2008
Today was that inevitable day we were looking for when the markets pulled back from it’s recent uptrend. Notice how the downward movement caused the market to break below the channel that began in mid-March. By the time the market closed we were back below the 200-day moving average.You can also see that the bounce [...]






