Saturday, October 27, 2007

"Bear Flag" Chart Pattern On The Dow Industrials

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Another tug-of-war between the bulls and bears left the major indices flat to modestly lower yesterday. Stocks sold off in the first thirty minutes, reversed to new intraday highs later in the morning, fell to fresh intraday lows at mid-day, then moved back up in the final ninety minutes of trading. Percentage changes in the Nasdaq Composite and Dow Jones Industrial Average were identical with the previous day, respectively at 0.9% lower and unchanged. The S&P 500 ticked just 0.1% l[...]

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[Source: The Money Blogs]

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