Wednesday, April 23, 2008

Primary Long-term Downtrend Lines Coming Soon

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.As anticipated, stocks took a "pause for the cause" yesterday, trading in a relatively narrow range before finishing with mixed results. The major indices spent most of the day in negative territory, but a modest rally in the final ninety minutes of trading erased most of the losses and enabled a few sectors to close positive. The S&P 500 and Dow Jones Industrial Average registered matching losses of 0.2%, but continued strength in the tech arena helped[...]

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[Source: The Money Blogs]

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