Outlook May 4
Posted by Danny on May 4, 2010
We finally got some serious down days last week.
The most recent “Red Period” has produced a 20 point loss for the Nasdaq Composite Index.
The stock market has been largely flat throughout the period, which means the market continues to display signs of strength.
We are now set for another rally attempt and possible new high for this move. But how convincing a move will it be?
That will probably tell us a lot going forward.
If the current Green Period turns out to be weak, then we better get ready for some extended downside action.
Greetings, Danny
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This entry was posted on May 4, 2010 at 6:03 am and is filed under Market Commentary.
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Outlook May 4
Posted by Danny on May 4, 2010
We finally got some serious down days last week.
The most recent “Red Period” has produced a 20 point loss for the Nasdaq Composite Index.
The stock market has been largely flat throughout the period, which means the market continues to display signs of strength.
We are now set for another rally attempt and possible new high for this move. But how convincing a move will it be?
That will probably tell us a lot going forward.
If the current Green Period turns out to be weak, then we better get ready for some extended downside action.
Greetings, Danny
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This entry was posted on May 4, 2010 at 6:03 am and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.