Wednesday, September 12, 2007

A Concise Look At The Hourly Downtrend Lines. . .

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.A bullish pre-market report from semiconductor giant Intel Corp. caused stocks to gap up yesterday morning, but the excitement was short-lived. Traders sold into strength throughout the first half of the day, pushing the stock market firmly lower, but modest buying interest lifted stocks off their lows in the afternoon. In the end, the major indices settled the indecisive session mostly lower. The Dow Jones Industrial Average eked out a gain of 0.1%, as the Nasdaq Composite and S&P 500 fel[...]

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[Source: The Money Blogs]

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