The old market saying that, ’Its hard to pick the market tops and bottoms’, is so very true but looking at todays price action, the charts for the three major indexes are signaling a potential bottom? Today, September 11th, all three indexes had outside reversals on above average volume. An outside day is a lower low with a higher high and higher close than the prior days low and high. Also, the extreme lows for 2008 are getting higher. On the DOW, S&P 500 and Nasdaq Composite, the July 15th low is holding fo[...]
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[Source: The Money Blogs]
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