Monday, August 13, 2007

200-Day MAs Take Center Stage

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Following through on the previous day’s downward momentum, stocks initially got off to a rough start last Friday morning, but the tone subsequently improved a bit. All of the major indices oscillated in a wide, choppy range throughout the day before finishing with mixed results. The Dow Jones Industrial Average, down 1.6% at its intraday low, recovered to lose only 0.2%. The Nasdaq Composite fell 0.5%, but the S&P 500 eked out a gain of less than 0.1%. The small-cap Russell 2000 adv[...]

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[Source: The Money Blogs]

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