So far Nasdaq is remaining above June lows on both an intra-day and closing basis. Looks like today’s up session was on decent volume and better than yesterday’s selloff.
So far Nasdaq is remaining above June lows on both an intra-day and closing basis. Looks like today’s up session was on decent volume and better than yesterday’s selloff.
I think we have bottomed for the short term. I found the trendline of support that we bounced from. It starts in 1995, so I’d say it’s a very important line of support.
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/08/s-500-analysis-after-closing-bell_04.html
The S&P should see 1160 end of this week or next. Then small bounce and slide to the end of August to 875.
So far Nasdaq is remaining above June lows on both an intra-day and closing basis. Looks like today’s up session was on decent volume and better than yesterday’s selloff.
http://rocsinvestmentaccount.webs.com/
So far Nasdaq is remaining above June lows on both an intra-day and closing basis. Looks like today’s up session was on decent volume and better than yesterday’s selloff.
http://rocsinvestmentaccount.webs.com/
I think we have bottomed for the short term. I found the trendline of support that we bounced from. It starts in 1995, so I’d say it’s a very important line of support.
QQQ 5 Minutes chart: http://niftychartsandpatterns.blogspot.com/2011/08/qqq-5-minutes-chart.html
Crude oil chart: http://niftychartsandpatterns.blogspot.com/2011/08/crude-oil-staying-below-50-dma.html
Bernanke Gets Hammered, Tells Truth About US Economy
http://www.theonion.com/articles/drunken-ben-bernanke-tells-everyone-at-neighborhoo,21059/
Stay out of the long ACP… that’s my advice! Too dangerous! P.S. Several of us are chatting in the chatroom right now. Come join us….
http://stockmarketbloggers.com/chat/
SPX Violates 1249: http://niftychartsandpatterns.blogspot.com/2011/08/spx-violates-previous-support-level.html