Friday, September 21, 2007

Will We Get Some Price Consolidation?

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Follow-through momentum from the previous day’s massive rally caused stocks to gap higher yesterday morning, though they subsequently drifted sideways to lower throughout the day. By early afternoon, several of the major indices had nearly filled their opening gaps, but buying interest in the final ninety minutes of trading lifted stocks off their lows and enabled the broad market to finish with solid gains. The Nasdaq Composite, S&P 500, and Dow Jones Industrial Average a[...]

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[Source: The Money Blogs]

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