Mixed bag
Posted by Danny on July 16, 2012
Another up and down week with most indexes ending the week little changed.
Our lunar Green Period is about flat so far, but there is another week to go.
Here is the current chart for the Nasdaq Composite (click for larger image):
The market briefly tested the support around 2850 and then rallied swiftly.
It should now go on to test the 3000 resistance level again.
A drop below 2840 would be a major sell signal.
Good luck, Danny
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This entry was posted on July 16, 2012 at 1:20 pm and is filed under Market Commentary.
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Mixed bag
Posted by Danny on July 16, 2012
Another up and down week with most indexes ending the week little changed.
Our lunar Green Period is about flat so far, but there is another week to go.
Here is the current chart for the Nasdaq Composite (click for larger image):
The market briefly tested the support around 2850 and then rallied swiftly.
It should now go on to test the 3000 resistance level again.
A drop below 2840 would be a major sell signal.
Good luck, Danny
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This entry was posted on July 16, 2012 at 1:20 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.