Investing with the Moon

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

Post a comment (disagreement also welcome):

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: