Friday, August 31, 2007

Excessive

Wednesday brought a complete recovery of yesterdays losses plus a little, but on split volume. Tuesdays drop was excessive and todays recovery was excessive, Im seeing a pattern here! The market is on vacation and marking time (that means standing in place moving but going no where, like treading water) so far this week. As we near the end of the week and economic data picks up that could very well change. Nas Composite was down -60.61 yesterday and up 62.52 leaving us pretty much at a wash. But the reversal did not let the break of the 200dma confi[...]

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[Source: The Money Blogs]

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