The Dow broke its November low today, possibly leading the way for the other indexes.
The Dow could be forming a double bottom pattern on the weekly chart. It needs a lot of work to confirm of course, but something to watch.
I have been sampling the service over at short-stocks.com. I haven’t taken any of their […]
As mentioned in last night’s post, it was obvious that the market was going to make a big move this week in one direction or another, and it didn’t waste much time. The market plunged from the open. Although it tried to rally late in the day, the market closed at the lows. There is […]
The major indexes continue to trade within triangle patterns. Triangle patterns are often continuation patterns, which means the most likely break will be lower.
Here’s the S&P 500. It traded below its lower trendline, and now sits right on it.
The NASDAQ has been leading this market, and has bounced of its lower trendline. Does it mean […]
