Outlook November 15
Posted by Danny on November 15, 2010
We closed out the recent Green Period with a 66 point gain for the Nasdaq. Not bad.
A summary of the Green Period vs. Red Period performance can be found here as always.
Markets started going down right on the start of Red Period last Tuesday.
With Red Period continuing we can expect further downward pressure this week.
Reasonable targets are around 1160 and 1130 on the S&P 500 index.
Now we will have to watch very carefully how the current Red Period unfolds.
Do we get a sharp downturn, or a much milder sideways pattern?
That will give us a read on what to expect for the coming December.
Good luck, Danny.
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This entry was posted on November 15, 2010 at 1:06 pm and is filed under Market Commentary.
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LunaticTrader
Outlook November 15
Posted by Danny on November 15, 2010
We closed out the recent Green Period with a 66 point gain for the Nasdaq. Not bad.
A summary of the Green Period vs. Red Period performance can be found here as always.
Markets started going down right on the start of Red Period last Tuesday.
With Red Period continuing we can expect further downward pressure this week.
Reasonable targets are around 1160 and 1130 on the S&P 500 index.
Now we will have to watch very carefully how the current Red Period unfolds.
Do we get a sharp downturn, or a much milder sideways pattern?
That will give us a read on what to expect for the coming December.
Good luck, Danny.
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This entry was posted on November 15, 2010 at 1:06 pm 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.