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Market resistence holds...for now
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16/09/2008 16:18:24
 
 
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Forum:
Finances
Category:
Stock markets
Title:
Market resistence holds...for now
Miscellaneous
Thread ID:
01348037
Message ID:
01348037
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24
Dow > $11k
Nasdaq > $2200
S&P > $1200

All 3 indexes retraced above their key resistance lines today and fought off a heavy push by short sellers at the end of the day to negate the bear once again. Only time will tell if this is a key reversal, or a dead cat bounce.

fwiw : Oil below $92 and continuing to unwind its way towards $80
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
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