Saturday, August 13, 2011

consolidation

ok, finally it has stop wtih solid support for DOW and S&P 500, seeing S&P500 resistance at 1171, and finally a small break out on FRIDAY ..everywhere almost all charts look to same pattern, bleeding seems stop and computer trade seems halt after so many stop has been triggered.
NYSE BPI not yet turn bullish as oversold still a mojor sentiment here, it may continue to oversold, unless a confirm volum and up side bias of price prove the reversal.
Below shown dow on FRIDAY pre lunch performance, a solid continue of next week may change sentiment from Bearish to causiously Bullish

No comments:

Post a Comment